Several other research firms have also weighed in on EQBK. BidaskClub lowered Equity BancShares from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Zacks Investment Research raised Equity BancShares from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.33.
EQBK opened at $28.47 on Thursday. The stock has a market capitalization of $425.18 million, a price-to-earnings ratio of 10.78 and a beta of 0.48. Equity BancShares has a 12 month low of $22.75 and a 12 month high of $38.40. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.89 and a quick ratio of 0.88. The business has a 50-day moving average of $26.78 and a two-hundred day moving average of $26.41.
Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $38.10 million for the quarter. Equity BancShares had a return on equity of 8.46% and a net margin of 12.63%. Equities research analysts anticipate that Equity BancShares will post 2.29 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Equity BancShares in the 2nd quarter valued at about $25,000. Bank of Montreal Can acquired a new position in shares of Equity BancShares in the 2nd quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Equity BancShares by 72.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,587 shares of the bank’s stock valued at $43,000 after purchasing an additional 669 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Equity BancShares by 608.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,260 shares of the bank’s stock worth $87,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Strs Ohio acquired a new position in Equity BancShares during the 2nd quarter worth approximately $109,000. 69.42% of the stock is currently owned by institutional investors and hedge funds.
About Equity BancShares
Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.
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