According to Zacks, “Southwest Bancorp offers a broad range of commercial and consumer lending and deposit services. Southwest devotes substantial efforts to marketing and providing services to local businesses, their primary employees, and to other managers and professionals living and working in its Oklahoma market areas. Southwest has adapted to state branching limitations by developing a marketing and delivery system that does not rely on an extensive branch network. (PRESS RELEASE) “
Several other brokerages have also recently commented on OKSB. Hovde Group cut shares of Southwest Bancorp from an outperform rating to a market perform rating and set a $21.00 price target on the stock. in a research report on Friday, September 9th. TheStreet upgraded shares of Southwest Bancorp from a hold rating to a buy rating in a research report on Friday, June 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Southwest Bancorp presently has an average rating of Hold and an average target price of $19.20.
Shares of Southwest Bancorp (NASDAQ:OKSB) opened at 18.52 on Wednesday. The firm has a market capitalization of $346.12 million, a PE ratio of 22.56 and a beta of 1.09. Southwest Bancorp has a 52-week low of $14.00 and a 52-week high of $19.97. The company has a 50 day moving average of $19.22 and a 200 day moving average of $17.11.
Southwest Bancorp (NASDAQ:OKSB) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Southwest Bancorp had a net margin of 16.09% and a return on equity of 5.60%. On average, analysts anticipate that Southwest Bancorp will post $0.92 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in Southwest Bancorp by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,312 shares of the company’s stock valued at $1,191,000 after buying an additional 966 shares during the period. Banc Funds Co. LLC boosted its stake in shares of Southwest Bancorp by 27.2% in the second quarter. Banc Funds Co. LLC now owns 1,141,867 shares of the company’s stock valued at $19,332,000 after buying an additional 244,146 shares during the last quarter. Penn Capital Management Co. Inc. boosted its stake in shares of Southwest Bancorp by 2.0% in the second quarter. Penn Capital Management Co. Inc. now owns 304,537 shares of the company’s stock valued at $5,156,000 after buying an additional 6,012 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Southwest Bancorp during the second quarter valued at approximately $174,000. Finally, BlackRock Investment Management LLC boosted its stake in shares of Southwest Bancorp by 6.3% in the second quarter. BlackRock Investment Management LLC now owns 77,805 shares of the company’s stock valued at $1,317,000 after buying an additional 4,579 shares during the last quarter. 79.68% of the stock is currently owned by institutional investors.
Southwest Bancorp Company Profile
Southwest Bancorp, Inc is a financial holding company. The Company operates through 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.
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