Equity BancShares Inc (NASDAQ:EQBK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.13 and last traded at $36.83, with a volume of 112200 shares traded. The stock had previously closed at $36.83.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of Equity BancShares from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $45.00 price target on shares of Equity BancShares in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.75.
The stock has a market cap of $537.90, a P/E ratio of 23.14 and a beta of 0.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.70.
Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.55 earnings per share for the quarter. The business had revenue of $28.69 million for the quarter. Equity BancShares had a net margin of 17.48% and a return on equity of 8.87%. equities research analysts forecast that Equity BancShares Inc will post 2.69 earnings per share for the current year.
In other news, Director Michael R. Downing sold 10,023 shares of Equity BancShares stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $35.00, for a total transaction of $350,805.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 14.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Equity BancShares by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 591,698 shares of the bank’s stock valued at $20,952,000 after purchasing an additional 8,977 shares during the period. BlackRock Inc. raised its position in shares of Equity BancShares by 1.4% during the 4th quarter. BlackRock Inc. now owns 497,074 shares of the bank’s stock valued at $17,601,000 after purchasing an additional 6,672 shares during the period. Forest Hill Capital LLC raised its position in shares of Equity BancShares by 0.6% during the 4th quarter. Forest Hill Capital LLC now owns 321,692 shares of the bank’s stock valued at $11,391,000 after purchasing an additional 2,000 shares during the period. Vanguard Group Inc. raised its position in shares of Equity BancShares by 35.2% during the 2nd quarter. Vanguard Group Inc. now owns 308,622 shares of the bank’s stock valued at $9,456,000 after purchasing an additional 80,285 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Equity BancShares by 4.9% during the 4th quarter. Renaissance Technologies LLC now owns 280,900 shares of the bank’s stock valued at $9,947,000 after purchasing an additional 13,200 shares during the period. Institutional investors and hedge funds own 59.22% of the company’s stock.
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Equity BancShares Company Profile
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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