Southwest Bancorp, Inc. (NASDAQ:OKSB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, July 4th. The brokerage currently has a $29.00 price target on the bank’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.32% from the company’s previous close.
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) “
Separately, Sandler O’Neill raised Southwest Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.
Southwest Bancorp (OKSB) traded up 0.19% on Tuesday, reaching $26.05. 20,193 shares of the company traded hands. The firm has a 50 day moving average price of $25.48 and a 200 day moving average price of $26.16. The stock has a market capitalization of $486.77 million, a price-to-earnings ratio of 22.99 and a beta of 0.98. Southwest Bancorp has a 52-week low of $17.07 and a 52-week high of $29.70.
Southwest Bancorp (NASDAQ:OKSB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $25.89 million during the quarter, compared to analysts’ expectations of $24.97 million. Southwest Bancorp had a return on equity of 7.50% and a net margin of 19.38%. During the same quarter in the previous year, the business posted $0.28 EPS. Equities research analysts predict that Southwest Bancorp will post $1.22 EPS for the current year.
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Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Southwest Bancorp during the first quarter valued at $215,000. Covenant Multifamily Offices LLC bought a new stake in Southwest Bancorp during the first quarter valued at $220,000. Guggenheim Capital LLC bought a new stake in Southwest Bancorp during the fourth quarter valued at $247,000. Karp Capital Management Corp bought a new stake in Southwest Bancorp during the first quarter valued at $284,000. Finally, American International Group Inc. raised its stake in Southwest Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 11,133 shares of the bank’s stock valued at $291,000 after buying an additional 748 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.
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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