Several other research firms have also recently issued reports on EQBK. ValuEngine raised Equity BancShares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Zacks Investment Research cut Equity BancShares from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods cut Equity BancShares from an “outperform” rating to a “market perform” rating in a research note on Friday, January 3rd. Finally, TheStreet raised Equity BancShares from a “c+” rating to a “b-” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.00.
Shares of NASDAQ:EQBK traded up $0.53 on Tuesday, reaching $28.63. 202 shares of the company traded hands, compared to its average volume of 42,204. The business’s 50-day simple moving average is $29.96 and its 200 day simple moving average is $27.54. Equity BancShares has a 52 week low of $22.75 and a 52 week high of $35.30. The stock has a market capitalization of $439.94 million, a P/E ratio of 10.82 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94.
Equity BancShares (NASDAQ:EQBK) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. Equity BancShares had a return on equity of 8.41% and a net margin of 12.63%. The firm had revenue of $38.10 million for the quarter. Sell-side analysts expect that Equity BancShares will post 2.36 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in shares of Equity BancShares in the third quarter worth about $211,000. Metropolitan Life Insurance Co NY boosted its position in Equity BancShares by 26.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,369 shares of the bank’s stock valued at $144,000 after acquiring an additional 1,118 shares in the last quarter. Rhumbline Advisers boosted its position in Equity BancShares by 8.8% during the 3rd quarter. Rhumbline Advisers now owns 22,995 shares of the bank’s stock valued at $616,000 after acquiring an additional 1,866 shares in the last quarter. Millennium Management LLC bought a new stake in Equity BancShares during the 3rd quarter valued at approximately $1,976,000. Finally, Nisa Investment Advisors LLC boosted 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 valued at $87,000 after acquiring an additional 2,800 shares in the last quarter. 68.75% of the stock is currently owned by institutional investors.
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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