Equity BancShares (NASDAQ:EQBK) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.
A number of other analysts also recently issued reports on EQBK. Keefe, Bruyette & Woods downgraded Equity BancShares from an “outperform” rating to a “market perform” rating in a research note on Friday, January 3rd. TheStreet downgraded Equity BancShares from a “b-” rating to a “c+” rating in a research note on Thursday, January 23rd. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research note on Monday, January 13th. Finally, ValuEngine raised Equity BancShares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.00.
Shares of EQBK opened at $27.86 on Tuesday. The business’s 50 day moving average is $28.13 and its 200 day moving average is $27.90. The company has a market capitalization of $433.15 million, a PE ratio of 17.20 and a beta of 0.54. Equity BancShares has a 12-month low of $22.75 and a 12-month high of $34.29. 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 issued its earnings results on Thursday, January 23rd. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. Equity BancShares had a return on equity of 8.43% and a net margin of 12.76%. The company had revenue of $39.05 million for the quarter. Equities research analysts predict that Equity BancShares will post 2.37 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in EQBK. Nisa Investment Advisors LLC increased its stake in Equity BancShares by 608.7% in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Equity BancShares by 72.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,587 shares of the bank’s stock worth $43,000 after acquiring an additional 669 shares during the last quarter. Strs Ohio increased its stake in Equity BancShares by 197.6% in the 3rd quarter. Strs Ohio now owns 12,200 shares of the bank’s stock worth $327,000 after acquiring an additional 8,100 shares during the last quarter. Rhumbline Advisers increased its stake in Equity BancShares by 8.8% in the 3rd quarter. Rhumbline Advisers now owns 22,995 shares of the bank’s stock worth $616,000 after acquiring an additional 1,866 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Equity BancShares in the 3rd quarter worth approximately $211,000. 69.18% 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.