Equity Bancshares (NYSE:EQBK) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Equity Bancshares (NYSE:EQBK) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Equity Bancshares in a research note on Wednesday, October 8th. Piper Sandler raised shares of Equity Bancshares to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Equity Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Equity Bancshares Price Performance

Shares of NYSE EQBK opened at $40.80 on Friday. The firm has a market cap of $784.18 million, a PE ratio of 34.00 and a beta of 0.82. Equity Bancshares has a 12 month low of $34.11 and a 12 month high of $50.85. The stock’s 50 day moving average price is $40.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.64.

Equity Bancshares (NYSE:EQBK) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.22. The business had revenue of $71.36 million for the quarter, compared to analysts’ expectations of $69.35 million. Equity Bancshares had a net margin of 5.01% and a return on equity of 12.13%.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various 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, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.