Equity BancShares (NASDAQ:EQBK) was upgraded by research analysts at Stephens from an “equal” rating to a “weight” rating in a note issued to investors on Monday, October 15th, The Fly reports.
A number of other brokerages have also recently weighed in on EQBK. ValuEngine upgraded shares of Equity BancShares from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. BidaskClub upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Zacks Investment Research upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.00.
Shares of EQBK traded down $0.33 during mid-day trading on Monday, reaching $36.61. 15,748 shares of the stock traded hands, compared to its average volume of 51,218. Equity BancShares has a 12-month low of $31.32 and a 12-month high of $44.30. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $578.44 million, a P/E ratio of 18.49 and a beta of 0.68.
Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). The business had revenue of $38.19 million during the quarter. Equity BancShares had a return on equity of 9.71% and a net margin of 18.38%. Equities analysts expect that Equity BancShares will post 2.36 earnings per share for the current fiscal year.
In related news, COO Craig L. Anderson purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average price of $40.04 per share, with a total value of $80,080.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Julie A. Huber sold 3,000 shares of Equity BancShares stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $41.57, for a total value of $124,710.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Equity BancShares by 2.2% during the 1st quarter. Northern Trust Corp now owns 125,592 shares of the bank’s stock valued at $4,918,000 after acquiring an additional 2,705 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Equity BancShares by 30.6% in the 2nd quarter. Citadel Advisors LLC now owns 13,247 shares of the bank’s stock valued at $549,000 after buying an additional 3,104 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Equity BancShares by 37.8% in the 2nd quarter. Rhumbline Advisers now owns 13,611 shares of the bank’s stock valued at $565,000 after buying an additional 3,731 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of Equity BancShares in the 2nd quarter valued at approximately $206,000. Finally, Wealth Alliance Advisory Group LLC grew its stake in shares of Equity BancShares by 26.5% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 26,379 shares of the bank’s stock valued at $1,036,000 after buying an additional 5,520 shares in the last quarter. 60.65% 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.
Featured Article: The risks of owning bonds
Receive News & Ratings for Equity BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity BancShares and related companies with MarketBeat.com's FREE daily email newsletter.