Southwest Bancorp, Inc. (OKSB) Upgraded by Raymond James Financial, Inc. to Market Perform
Southwest Bancorp, Inc. (NASDAQ:OKSB) was upgraded by Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a research note issued on Wednesday, Marketbeat.com reports.
A number of other analysts have also recently commented on the company. Zacks Investment Research cut Southwest Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Sandler O’Neill upgraded Southwest Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.00.
Southwest Bancorp (NASDAQ OKSB) traded up 1.38% during midday trading on Wednesday, reaching $25.80. 57,870 shares of the company traded hands. The stock has a market capitalization of $482.12 million, a P/E ratio of 23.37 and a beta of 0.98. Southwest Bancorp has a 1-year low of $16.57 and a 1-year high of $29.70. The firm has a 50-day moving average of $25.04 and a 200-day moving average of $26.51.
Southwest Bancorp (NASDAQ:OKSB) last posted its quarterly earnings data on Tuesday, April 25th. The bank reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $25.04 million during the quarter, compared to analysts’ expectations of $24 million. Southwest Bancorp had a return on equity of 7.38% and a net margin of 19.60%. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts predict that Southwest Bancorp will post $1.21 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in Southwest Bancorp during the first quarter worth approximately $1,251,000. Bank of America Corp DE boosted its stake in Southwest Bancorp by 3,742.9% in the first quarter. Bank of America Corp DE now owns 322,340 shares of the bank’s stock worth $8,429,000 after buying an additional 313,952 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in 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. Renaissance Technologies LLC boosted its stake in Southwest Bancorp by 5.6% in the first quarter. Renaissance Technologies LLC now owns 305,933 shares of the bank’s stock worth $8,000,000 after buying an additional 16,292 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Southwest Bancorp by 12.2% in the first quarter. Geode Capital Management LLC now owns 155,016 shares of the bank’s stock worth $4,053,000 after buying an additional 16,827 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.
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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