Southwest Bancorp Inc. (OKSB) Posts Earnings Results, Misses Expectations By $0.04 EPS
Southwest Bancorp Inc. (NASDAQ:OKSB) posted its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.04. Southwest Bancorp had a net margin of 16.09% and a return on equity of 5.60%.
Shares of Southwest Bancorp (NASDAQ:OKSB) traded down 0.55% on Tuesday, reaching $18.20. The company had a trading volume of 20,418 shares. The firm has a 50-day moving average price of $18.92 and a 200 day moving average price of $17.51. The firm has a market capitalization of $340.14 million, a price-to-earnings ratio of 22.17 and a beta of 0.95. Southwest Bancorp has a 1-year low of $14.00 and a 1-year high of $19.97.
A number of large investors have recently made changes to their positions in OKSB. BlackRock Advisors LLC increased its stake in Southwest Bancorp by 3.9% in the second quarter. BlackRock Advisors LLC now owns 9,652 shares of the company’s stock worth $163,000 after buying an additional 364 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Southwest Bancorp during the second quarter worth about $174,000. BlackRock Investment Management LLC increased 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 worth $1,317,000 after buying an additional 4,579 shares during the last quarter. Penn Capital Management Co. Inc. increased 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 worth $5,156,000 after buying an additional 6,012 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Southwest Bancorp by 0.6% in the second quarter. Vanguard Group Inc. now owns 769,118 shares of the company’s stock worth $13,021,000 after buying an additional 4,629 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on OKSB. Hovde Group lowered Southwest Bancorp from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a research report on Friday, September 9th. Zacks Investment Research lowered Southwest Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.20.
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.
Receive News & Stock Ratings for Southwest Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Bancorp Inc. and related stocks with our FREE daily email newsletter.