Southwest Bancorp, Inc. (NASDAQ:OKSB) Expected to Post Quarterly Sales of $24.97 Million
Wall Street brokerages predict that Southwest Bancorp, Inc. (NASDAQ:OKSB) will post $24.97 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Southwest Bancorp’s earnings. The lowest sales estimate is $24.90 million and the highest is $25.10 million. Southwest Bancorp posted sales of $23.57 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Southwest Bancorp will report full-year sales of $24.97 million for the current year, with estimates ranging from $100.90 million to $101.60 million. For the next year, analysts forecast that the company will post sales of $105.65 million per share, with estimates ranging from $104.90 million to $106.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Southwest Bancorp.
Southwest Bancorp (NASDAQ:OKSB) last released its quarterly earnings results on Tuesday, April 25th. The bank reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Southwest Bancorp had a net margin of 19.60% and a return on equity of 7.38%. The business had revenue of $25.04 million for the quarter, compared to analysts’ expectations of $24 million. During the same period last year, the business earned $0.10 EPS.
OKSB has been the subject of a number of analyst reports. Zacks Investment Research raised Southwest Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Sandler O’Neill raised Southwest Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. Finally, Raymond James Financial, Inc. raised Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.00.
A number of institutional investors have recently made changes to their positions in the stock. Dalton Greiner Hartman Maher & Co. increased its position in shares of Southwest Bancorp by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 91,889 shares of the bank’s stock worth $2,403,000 after buying an additional 338 shares during the period. American International Group Inc. increased its position in shares of Southwest Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 11,133 shares of the bank’s stock worth $291,000 after buying an additional 748 shares during the period. Strs Ohio increased its position in shares of Southwest Bancorp by 19.0% in the first quarter. Strs Ohio now owns 14,400 shares of the bank’s stock worth $376,000 after buying an additional 2,300 shares during the period. Teachers Advisors LLC increased its position in shares of Southwest Bancorp by 4.9% in the first quarter. Teachers Advisors LLC now owns 51,978 shares of the bank’s stock worth $1,359,000 after buying an additional 2,428 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Southwest Bancorp by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 81,250 shares of the bank’s stock worth $2,125,000 after buying an additional 4,104 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.
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Southwest Bancorp (NASDAQ OKSB) traded down 0.39% during mid-day trading on Friday, hitting $25.35. 16,095 shares of the stock were exchanged. Southwest Bancorp has a 12-month low of $16.47 and a 12-month high of $29.70. The company has a 50 day moving average of $25.04 and a 200 day moving average of $26.51. The firm has a market cap of $473.72 million, a P/E ratio of 22.96 and a beta of 0.98.
Southwest Bancorp Company Profile
Southwest Bancorp, Inc is a financial holding company. The Company operates in four segments: Oklahoma Banking, Texas Banking, Kansas Banking and Other Operations. The Oklahoma Banking segment provides deposit and lending services and consists of residential mortgage lending services to customers. The Texas Banking segment and the Kansas Banking segment provide deposit and lending services.
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