Equity BancShares Inc (NASDAQ:EQBK) shares hit a new 52-week high on Friday . The stock traded as high as $42.39 and last traded at $42.35, with a volume of 3182 shares trading hands. The stock had previously closed at $41.23.
Several brokerages recently weighed in on EQBK. Zacks Investment Research raised Equity BancShares from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub cut Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 target price on shares of Equity BancShares in a report on Friday, April 20th. Sandler O’Neill reaffirmed a “buy” rating and set a $45.00 target price on shares of Equity BancShares in a report on Friday, April 20th. Finally, TheStreet raised Equity BancShares from a “c” rating to a “b” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Equity BancShares currently has a consensus rating of “Hold” and a consensus target price of $45.00.
The firm has a market cap of $608.74 million, a P/E ratio of 20.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.90 and a quick ratio of 0.90.
Equity BancShares (NASDAQ:EQBK) last announced its earnings results on Thursday, April 19th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). Equity BancShares had a net margin of 18.85% and a return on equity of 8.69%. The company had revenue of $10.59 million for the quarter. sell-side analysts predict that Equity BancShares Inc will post 2.72 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Equity BancShares by 60.5% during the first quarter. Millennium Management LLC now owns 113,757 shares of the bank’s stock valued at $4,455,000 after purchasing an additional 42,880 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Equity BancShares during the first quarter valued at $230,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Equity BancShares by 4.7% during the first quarter. The Manufacturers Life Insurance Company now owns 619,535 shares of the bank’s stock valued at $24,261,000 after purchasing an additional 27,837 shares during the last quarter. Mendon Capital Advisors Corp lifted its holdings in shares of Equity BancShares by 7.7% during the first quarter. Mendon Capital Advisors Corp now owns 527,587 shares of the bank’s stock valued at $20,660,000 after purchasing an additional 37,698 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Equity BancShares during the first quarter valued at $397,000. 63.01% of the stock is 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.
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