Analysts Set Southwest Bancorp, Inc. (OKSB) PT at $29.00
Southwest Bancorp, Inc. (NASDAQ:OKSB) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $29.00.
Several research analysts have commented on the stock. Raymond James Financial, Inc. raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Southwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, July 4th. Stephens reissued a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $29.00 price target on shares of Southwest Bancorp in a research note on Thursday, August 10th. Finally, UBS AG raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th.
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Southwest Bancorp (NASDAQ OKSB) traded up 1.43% during trading on Tuesday, reaching $24.90. 44,258 shares of the company were exchanged. The firm’s 50-day moving average is $25.38 and its 200 day moving average is $25.62. The company has a market capitalization of $465.26 million, a P/E ratio of 22.04 and a beta of 0.95. Southwest Bancorp has a one year low of $17.07 and a one year high of $29.70.
Southwest Bancorp (NASDAQ:OKSB) last announced its earnings results on Tuesday, July 25th. The bank reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.97 million. Southwest Bancorp had a net margin of 19.38% and a return on equity of 7.44%. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts anticipate that Southwest Bancorp will post $1.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, August 2nd. Southwest Bancorp’s payout ratio is 27.83%.
A number of large investors have recently added to or reduced their stakes in OKSB. Teachers Advisors LLC boosted its holdings in Southwest Bancorp by 47.5% in the fourth quarter. Teachers Advisors LLC now owns 49,550 shares of the bank’s stock valued at $1,437,000 after acquiring an additional 15,956 shares in the last quarter. Strs Ohio boosted its holdings in Southwest Bancorp by 19.0% in the first quarter. Strs Ohio now owns 14,400 shares of the bank’s stock valued at $376,000 after acquiring an additional 2,300 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Southwest Bancorp by 70.1% in the first quarter. Wells Fargo & Company MN now owns 21,770 shares of the bank’s stock valued at $569,000 after acquiring an additional 8,968 shares in the last quarter. Karp Capital Management Corp bought a new stake in Southwest Bancorp in the first quarter valued at $284,000. Finally, Mizuho Securities USA Inc. boosted its holdings in Southwest Bancorp by 127.4% in the first quarter. Mizuho Securities USA Inc. now owns 113,689 shares of the bank’s stock valued at $3,028,000 after acquiring an additional 63,689 shares in the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.
About Southwest Bancorp
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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