Zacks: Analysts Anticipate Southwest Bancorp, Inc. (OKSB) Will Post Quarterly Sales of $25.77 Million
Wall Street analysts predict that Southwest Bancorp, Inc. (NASDAQ:OKSB) will post $25.77 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Southwest Bancorp’s earnings. The lowest sales estimate is $25.40 million and the highest is $26.30 million. Southwest Bancorp posted sales of $24.36 million during the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 17th.
On average, analysts expect that Southwest Bancorp will report full year sales of $25.77 million for the current year, with estimates ranging from $100.90 million to $103.70 million. For the next financial year, analysts expect that the business will post sales of $105.65 million per share, with estimates ranging from $104.90 million to $106.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Southwest Bancorp.
Southwest Bancorp (NASDAQ:OKSB) last released its earnings results on Tuesday, July 25th. The bank reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The firm had revenue of $25.89 million during the quarter, compared to analyst estimates of $24.97 million. Southwest Bancorp had a return on equity of 7.44% and a net margin of 19.38%. During the same period in the prior year, the firm posted $0.28 earnings per share.
Several brokerages have recently commented on OKSB. Zacks Investment Research raised Southwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, July 4th. Sandler O’Neill raised Southwest Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $29.00 target price on shares of Southwest Bancorp in a research report on Thursday, August 10th. Stephens reaffirmed a “hold” rating on shares of Southwest Bancorp in a research report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. raised Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Southwest Bancorp has a consensus rating of “Hold” and a consensus target price of $26.33.
Several hedge funds have recently made changes to their positions in OKSB. SG Americas Securities LLC purchased a new stake in shares of Southwest Bancorp during the first quarter valued at about $215,000. Covenant Multifamily Offices LLC purchased a new stake in shares of Southwest Bancorp during the first quarter valued at about $220,000. Guggenheim Capital LLC purchased a new stake in shares of Southwest Bancorp during the fourth quarter valued at about $247,000. Karp Capital Management Corp purchased a new stake in shares of Southwest Bancorp during the first quarter valued at about $284,000. Finally, American International Group Inc. raised its stake 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 valued at $291,000 after buying an additional 748 shares in the last quarter. Institutional investors and hedge funds own 77.37% of the company’s stock.
Southwest Bancorp (NASDAQ:OKSB) remained flat at $24.95 during trading on Friday. 48,038 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.88. Southwest Bancorp has a 12-month low of $17.07 and a 12-month high of $29.70. The company has a market cap of $466.19 million, a PE ratio of 22.08 and a beta of 0.98.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.28%. Southwest Bancorp’s dividend payout ratio is 27.83%.
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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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