UPDATE: KBW Assumes Coverage on BancFirst and Southwest Bancorp at Market Perform

KBW is out with its report today on BancFirst BANF and Southwest Bancorp OKSB, assuming coverage on BANF and OKSB at Market Perform. In a note to clients, KBW writes, "We are assuming coverage of two Oklahoma-based holding companies, BancFirst Corporation and Southwest Bancorp, Inc., with Market Perform ratings. We believe BancFirst Corporation remains a solid operator but without near-term catalysts; as a result we remain on the sidelines. Southwest Bancorp, Inc. continues to work through problem loans, creating an overhang on its shares; we believe continued loan runoff and remaining TARP capital also add to the uncertainty." Shares of BANF closed Tuesday at $39.44; Shares of OKSB closed Tuesday at $11.23.