Zacks Investment Research upgraded shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) from a sell rating to a hold rating in a research note issued to investors on Friday, May 5th.
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) “
Other analysts have also recently issued research reports about the company. Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Southwest Bancorp in a research report on Monday, January 30th. Sandler O’Neill raised Southwest Bancorp from a sell rating to a hold rating in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.00.
Southwest Bancorp (NASDAQ:OKSB) traded down 1.20% during trading on Friday, hitting $24.60. The company’s stock had a trading volume of 99,956 shares. Southwest Bancorp has a 12 month low of $15.30 and a 12 month high of $29.70. The firm has a market cap of $459.70 million, a P/E ratio of 22.28 and a beta of 0.85. The firm has a 50 day moving average of $25.54 and a 200 day moving average of $25.79.
Southwest Bancorp (NASDAQ:OKSB) last released its quarterly earnings data on Tuesday, April 25th. The bank reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $25.04 million for the quarter, compared to the consensus estimate of $24 million. Southwest Bancorp had a return on equity of 6.24% and a net margin of 16.83%. During the same period last year, the business posted $0.10 EPS. Equities research analysts predict that Southwest Bancorp will post $1.23 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, May 3rd. Southwest Bancorp’s payout ratio is 34.04%.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Southwest Bancorp during the first quarter worth $215,000. Covenant Multifamily Offices LLC purchased a new position in shares of Southwest Bancorp during the first quarter worth approximately $220,000. Guggenheim Capital LLC purchased a new position in shares of Southwest Bancorp during the fourth quarter worth approximately $247,000. Capstone Investment Advisors LLC bought a new position in Southwest Bancorp during the fourth quarter valued at about $279,000. Finally, Karp Capital Management Corp bought a new position in Southwest Bancorp during the first quarter valued at about $284,000. 82.96% of the stock is currently owned by institutional investors.
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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