7. Southwest Bancorp
Shares of Southwest Bancorp (OKSB)Stillwater, Okla. closed at $13.33 Friday, down 5% from a year earlier.
The company had $2.8 billion in total assets as of March 31, and owes $70 million in TARP money.Stephens, Inc. analyst Matt Olney in January listed Southwest Bancorp as "a small takeout target in Oklahoma," adding that he didn't think the company had "plans to sell in the near term but they are in an attractive area so they would get offers." He also said that the Texas market is "the most attractive part of the country" for acquirers. First-quarter net income available to common shareholders was $1.4 million, or 7 cents a share, declining from $3.3 million, or 17 cents a share, in the first quarter of 2010. The earnings decline was across the board, with a slight year-over-year increase in the provision for loan losses to $9.1million, while net interest income declined 5% to $25.4 million, noninterest income declined 22% to $3.2 million, and noninterest expenses increased slightly. The decline in noninterest income reflected lower sales of mortgages and student loans. Nonperforming assets totaled $148.9 million, or 5.36 of total assets as of March 31, increasing from 3.79% a year earlier. The first-quarter net charge-off ratio was 1.90%, while reserves covered 2.82% of portfolio loans as of March 31. The shares trade for 19 times the consensus 2012 earnings estimate of 71 cents, and 0.9 times tangible book value, according to SNL. Two of the three analysts covering Southwest Bancorp rate the shares a buy, while the remaining analyst has a neutral rating.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV