Southwest Bancorp (OKSB) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.24. The company posted revenue of $23.57 million in the period, compared to analysts expectations of $23.79 million. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Southwest Bancorp. Hovde Group Upgraded Southwest Bancorp on Apr 21, 2016 to ” Outperform”, Price Target of the shares are set at $17.Southwest Bancorp was Downgraded by Raymond James to ” Mkt Perform” on Apr 21, 2016. Shares were Reiterated by DA Davidson on Apr 21, 2016 to “Buy” and Lowered the Price Target to $ 19 from a previous price target of $21 .
Southwest Bancorp opened for trading at $17.92 and hit $18.24 on the upside on Monday, eventually ending the session at $17.93, with a gain of 0.34% or 0.06 points. The heightened volatility saw the trading volume jump to 55,635 shares. Company has a market cap of $341 M.
In a different news, on Jul 6, 2016, James M Ii Morris (director) purchased 1,200 shares at $16.20 per share price. According to the SEC, on Jun 2, 2016, Russell William Teubner (director) purchased 310 shares at $16.91 per share price. On Jan 28, 2016, Mark W Funke (CEO) purchased 1,000 shares at $15.57 per share price, according to the Form-4 filing with the securities and exchange commission.
Southwest Bancorp Inc. (Southwest) is a financial holding company. The Company operates in five segments: Oklahoma Banking Texas Banking and Kansas Banking which provides deposit and lending services; Mortgage Banking which consists of residential mortgage lending services to customers and Other Operations that includes funds management (investment portfolio and funding) and corporate investments. The Company focuses on providing customers with service and meeting the banking needs by offering a variety of commercial and consumer banking services including commercial and consumer lending deposit and investment services specialized cash management and other financial services and products. The Company focuses on the financial needs of healthcare and health professionals commercial real estate borrowers businesses and the managers and owners commercial lending and energy banking. The healthcare and real estate industries make up the majority of the Company’s loan portfolio.