$0.31 Earnings Per Share Expected for Southwest Bancorp, Inc. (OKSB) This Quarter
Equities research analysts expect that Southwest Bancorp, Inc. (NASDAQ:OKSB) will report earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Southwest Bancorp’s earnings, with estimates ranging from $0.30 to $0.32. Southwest Bancorp posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 34.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 17th.
On average, analysts expect that Southwest Bancorp will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.26. For the next financial year, analysts anticipate that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.29 to $1.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Southwest Bancorp.
Southwest Bancorp (NASDAQ:OKSB) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. Southwest Bancorp had a net margin of 19.38% and a return on equity of 7.44%. The company had revenue of $25.89 million during the quarter, compared to analyst estimates of $24.97 million. During the same period in the prior year, the firm earned $0.28 earnings per share.
OKSB has been the subject of a number of analyst reports. Raymond James Financial, Inc. raised Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded Southwest Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $29.00 price objective on shares of Southwest Bancorp in a research report on Thursday, August 10th. Stephens reissued a “hold” rating on shares of Southwest Bancorp in a research report on Tuesday, July 25th. Finally, UBS AG raised Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.33.
Shares of Southwest Bancorp (OKSB) opened at 28.10 on Thursday. The stock has a market capitalization of $525.05 million, a price-to-earnings ratio of 24.87 and a beta of 0.98. Southwest Bancorp has a 1-year low of $17.07 and a 1-year high of $29.70. The company has a 50-day moving average of $26.39 and a 200-day moving average of $25.66.
Several institutional investors have recently made changes to their positions in OKSB. Wells Fargo & Company MN grew its position in shares of Southwest Bancorp by 70.1% during the first quarter. Wells Fargo & Company MN now owns 21,770 shares of the bank’s stock worth $569,000 after buying an additional 8,968 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Southwest Bancorp during the first quarter worth about $284,000. SG Americas Securities LLC acquired a new position in shares of Southwest Bancorp during the first quarter worth about $215,000. American International Group Inc. grew its position in shares of Southwest Bancorp by 7.2% during 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 in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Southwest Bancorp by 4.9% during 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 in the last quarter. 77.00% of the stock is owned by institutional investors and hedge funds.
About Southwest Bancorp
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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