Wall Street brokerages expect Southwest Bancorp, Inc. (NASDAQ:OKSB) to announce sales of $25.77 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Southwest Bancorp’s earnings. The highest sales estimate is $26.30 million and the lowest is $25.40 million. Southwest Bancorp posted sales of $24.36 million in the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is expected to announce its next quarterly earnings report on Tuesday, October 17th.

According to Zacks, analysts expect that Southwest Bancorp will report full year sales of $25.77 million for the current fiscal year, with estimates ranging from $100.90 million to $103.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $105.65 million per share, with estimates ranging from $104.90 million to $106.40 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Southwest Bancorp.

Southwest Bancorp (NASDAQ:OKSB) last announced its earnings results on Tuesday, July 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $25.89 million for the quarter, compared to analysts’ expectations of $24.97 million. Southwest Bancorp had a net margin of 19.38% and a return on equity of 7.44%. During the same period in the prior year, the company earned $0.28 EPS.

OKSB has been the topic of a number of recent research reports. UBS AG upgraded shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Southwest Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $29.00 target price on shares of Southwest Bancorp in a research note on Thursday, August 10th. Stephens reaffirmed a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Finally, Raymond James Financial, Inc. raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Southwest Bancorp has a consensus rating of “Hold” and an average price target of $26.33.

Several institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Southwest Bancorp by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 81,706 shares of the bank’s stock valued at $2,088,000 after acquiring an additional 456 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Southwest Bancorp by 2.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,377 shares of the bank’s stock valued at $674,000 after acquiring an additional 664 shares during the period. American International Group Inc. raised its stake in shares of Southwest Bancorp by 7.2% in the 1st quarter. American International Group Inc. now owns 11,133 shares of the bank’s stock valued at $291,000 after acquiring an additional 748 shares during the period. Strs Ohio grew its holdings in shares of Southwest Bancorp by 6.3% in the second quarter. Strs Ohio now owns 15,300 shares of the bank’s stock valued at $390,000 after purchasing an additional 900 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Southwest Bancorp by 10.3% in the second quarter. Aperio Group LLC now owns 11,977 shares of the bank’s stock valued at $306,000 after purchasing an additional 1,120 shares in the last quarter. 77.00% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Southwest Bancorp, Inc. (OKSB) Expected to Announce Quarterly Sales of $25.77 Million” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/25/southwest-bancorp-inc-oksb-expected-to-announce-quarterly-sales-of-25-77-million.html.

Shares of Southwest Bancorp (NASDAQ:OKSB) opened at 26.55 on Monday. The stock’s 50 day moving average is $25.41 and its 200 day moving average is $25.53. Southwest Bancorp has a 12 month low of $17.07 and a 12 month high of $29.70. The stock has a market capitalization of $496.09 million, a PE ratio of 23.50 and a beta of 0.95.

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.

Get a free copy of the Zacks research report on Southwest Bancorp (OKSB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Southwest Bancorp (NASDAQ:OKSB)

Receive News & Ratings for Southwest Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.