Q3 2017 EPS Estimates for Southwest Bancorp, Inc. (OKSB) Cut by Analyst
Southwest Bancorp, Inc. (NASDAQ:OKSB) – Analysts at DA Davidson reduced their Q3 2017 EPS estimates for Southwest Bancorp in a note issued to investors on Thursday. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.34.
Several other research analysts also recently commented on OKSB. Sandler O’Neill upgraded Southwest Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research downgraded Southwest Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. UBS AG upgraded Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. upgraded Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, Stephens restated a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Southwest Bancorp presently has an average rating of “Hold” and a consensus target price of $25.00.
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Southwest Bancorp (NASDAQ OKSB) opened at 26.10 on Monday. The company has a 50 day moving average price of $25.48 and a 200-day moving average price of $26.11. Southwest Bancorp has a 52 week low of $17.07 and a 52 week high of $29.70. The firm has a market capitalization of $487.70 million, a price-to-earnings ratio of 23.04 and a beta of 0.98.
Southwest Bancorp (NASDAQ:OKSB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $25.89 million during the quarter, compared to analyst estimates of $24.97 million. Southwest Bancorp had a return on equity of 7.50% and a net margin of 19.38%. During the same period in the prior year, the company posted $0.28 earnings per share.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Southwest Bancorp during the first quarter valued at about $215,000. Covenant Multifamily Offices LLC purchased a new stake in Southwest Bancorp during the first quarter valued at about $220,000. Guggenheim Capital LLC purchased a new stake in Southwest Bancorp during the fourth quarter valued at about $247,000. Karp Capital Management Corp purchased a new stake in Southwest Bancorp during the first quarter valued at about $284,000. Finally, American International Group Inc. increased 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. Institutional investors and hedge funds own 77.90% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.32 annualized dividend and a yield of 1.23%. Southwest Bancorp’s dividend payout ratio (DPR) is presently 27.83%.
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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