Keefe, Bruyette & Woods Upgrades Southwest Bancorp (OKSB) to Outperform; Don't Throw the Baby Out With the Bathwater

Keefe, Bruyette & Woods upgraded Southwest Bancorp (NASDAQ: OKSB) to Outperform, lowers price target by $1 to $10.

KBW analyst says, "We are upgrading the shares of OKSB following a 37% decline in the stock price to just 0.4x TBV. The company will have to prove its ability to deal with its problem credits, and we expect the ample common equity levels will afford it the time to do so. Lowering EPS estimates to incorporate conservative estimates of higher credit costs."

For more ratings news on Southwest Bancorp click here and for the rating history of Southwest Bancorp click here.

Shares of Southwest Bancorp closed at $6.44 yesterday.

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