Southwest Bancorp Inc. (OKSB) Rating Lowered to Hold at Zacks Investment Research
Southwest Bancorp Inc. (NASDAQ:OKSB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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) “
A number of other research analysts also recently commented on OKSB. Hovde Group downgraded shares of Southwest Bancorp from an “outperform” rating to a “market perform” rating and set a $21.00 target price on the stock. in a research report on Friday, September 9th. TheStreet raised shares of Southwest Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.20.
Southwest Bancorp (NASDAQ:OKSB) opened at 18.79 on Wednesday. Southwest Bancorp has a 52-week low of $14.00 and a 52-week high of $19.97. The company’s 50-day moving average is $19.21 and its 200-day moving average is $17.13. The firm has a market capitalization of $351.17 million, a P/E ratio of 22.89 and a beta of 1.09.
Southwest Bancorp (NASDAQ:OKSB) last announced its earnings results on Tuesday, July 19th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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 predict that Southwest Bancorp will post $0.92 EPS for the current year.
Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake 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 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 period. Penn Capital Management Co. Inc. boosted its stake in 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 period. Alliancebernstein L.P. purchased a new stake in Southwest Bancorp during the second quarter valued at approximately $174,000. Finally, BlackRock Investment Management LLC boosted its stake in 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 period. Hedge funds and other institutional investors own 79.68% of the company’s stock.
About Southwest Bancorp
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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