Southwest Bancorp, Inc. (OKSB) Given Consensus Recommendation of “Hold” by Analysts
Shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) have received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.00.
Several brokerages recently weighed in on OKSB. Raymond James Financial, Inc. upgraded Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Southwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, July 4th. Stephens restated a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $29.00 target price on shares of Southwest Bancorp in a research note on Thursday, August 10th. Finally, UBS AG upgraded Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th.
A number of institutional investors have recently bought and sold shares of OKSB. Bank of America Corp DE grew its stake in Southwest Bancorp by 3,742.9% during the 1st quarter. Bank of America Corp DE now owns 322,340 shares of the bank’s stock valued at $8,429,000 after purchasing an additional 313,952 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Southwest Bancorp by 39.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 412,148 shares of the bank’s stock valued at $10,531,000 after purchasing an additional 117,433 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Southwest Bancorp by 125.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 107,881 shares of the bank’s stock valued at $2,756,000 after purchasing an additional 60,025 shares during the last quarter. Stifel Financial Corp purchased a new stake in Southwest Bancorp during the 2nd quarter valued at about $1,248,000. Finally, Marshall Wace North America L.P. purchased a new stake in Southwest Bancorp during the 2nd quarter valued at about $1,255,000. Institutional investors and hedge funds own 77.00% of the company’s stock.
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Southwest Bancorp (OKSB) opened at 28.45 on Wednesday. Southwest Bancorp has a one year low of $17.07 and a one year high of $29.70. The company has a market capitalization of $531.59 million, a P/E ratio of 25.18 and a beta of 0.98. The stock’s 50 day moving average price is $26.88 and its 200-day moving average price is $25.74.
Southwest Bancorp (NASDAQ:OKSB) last announced its earnings results on Tuesday, July 25th. The bank reported $0.31 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Southwest Bancorp had a return on equity of 7.44% and a net margin of 19.38%. The firm had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.97 million. During the same period in the previous year, the business earned $0.28 EPS. Equities analysts forecast that Southwest Bancorp will post $1.26 EPS for the current year.
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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