Equity BancShares Inc (NASDAQ:EQBK) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.00.
EQBK has been the subject of several research reports. BidaskClub upgraded Equity BancShares from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. ValuEngine raised Equity BancShares from a “sell” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, DA Davidson downgraded Equity BancShares from a “buy” rating to a “neutral” rating in a report on Thursday, July 16th.
Shares of EQBK traded up $0.26 during mid-day trading on Monday, hitting $15.85. The stock had a trading volume of 25,470 shares, compared to its average volume of 58,423. The company has a market cap of $241.21 million, a PE ratio of 10.64 and a beta of 0.81. The company’s fifty day simple moving average is $15.81 and its two-hundred day simple moving average is $16.11. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. Equity BancShares has a fifty-two week low of $12.49 and a fifty-two week high of $31.91.
Equity BancShares (NASDAQ:EQBK) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $38.62 million during the quarter, compared to analyst estimates of $38.21 million. Equity BancShares had a return on equity of 5.35% and a net margin of 12.28%. Equities analysts expect that Equity BancShares will post 1.12 earnings per share for the current year.
In related news, Director Gary C. Allerheiligen purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $16.84 per share, with a total value of $33,680.00. Following the acquisition, the director now owns 13,750 shares in the company, valued at approximately $231,550. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders purchased 4,500 shares of company stock worth $70,475. Company insiders own 8.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in EQBK. Patriot Financial Partners GP LP bought a new stake in Equity BancShares during the 2nd quarter valued at $7,799,000. Goldman Sachs Group Inc. bought a new stake in Equity BancShares during the 2nd quarter valued at $1,156,000. Prudential Financial Inc. bought a new stake in Equity BancShares during the 2nd quarter valued at $1,048,000. JPMorgan Chase & Co. raised its stake in Equity BancShares by 902.3% during the 1st quarter. JPMorgan Chase & Co. now owns 48,853 shares of the bank’s stock valued at $843,000 after acquiring an additional 43,979 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its stake in Equity BancShares by 16.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 225,336 shares of the bank’s stock valued at $3,930,000 after acquiring an additional 31,736 shares in the last quarter. 66.92% of the stock is currently owned by hedge funds and other institutional investors.
Equity BancShares Company Profile
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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