ValuEngine upgraded shares of Equity BancShares (NASDAQ:EQBK) from a hold rating to a buy rating in a research report released on Thursday morning.
A number of other equities analysts also recently weighed in on EQBK. BidaskClub raised shares of Equity BancShares from a sell rating to a hold rating in a report on Wednesday, June 20th. Zacks Investment Research raised shares of Equity BancShares from a sell rating to a hold rating in a report on Monday, June 18th. Sandler O’Neill reissued a buy rating and issued a $45.00 price target on shares of Equity BancShares in a report on Friday, April 20th. Keefe, Bruyette & Woods reissued a buy rating and issued a $47.00 price target on shares of Equity BancShares in a report on Friday, April 20th. Finally, TheStreet raised shares of Equity BancShares from a c rating to a b rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $45.00.
Equity BancShares opened at $42.96 on Thursday, according to Marketbeat Ratings. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm has a market cap of $629.91 million, a price-to-earnings ratio of 21.70 and a beta of 0.61. Equity BancShares has a 1 year low of $29.66 and a 1 year high of $44.26.
Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings data on Thursday, April 19th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.03). The firm had revenue of $10.59 million for the quarter. Equity BancShares had a return on equity of 8.69% and a net margin of 18.85%. analysts expect that Equity BancShares will post 2.72 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Employees Retirement System of Texas purchased a new position in shares of Equity BancShares in the 1st quarter worth about $1,331,000. BlackRock Inc. raised its stake in Equity BancShares by 1.4% in the 4th quarter. BlackRock Inc. now owns 497,074 shares of the bank’s stock valued at $17,601,000 after acquiring an additional 6,672 shares during the period. Renaissance Technologies LLC raised its stake in Equity BancShares by 4.9% in the 4th quarter. Renaissance Technologies LLC now owns 280,900 shares of the bank’s stock valued at $9,947,000 after acquiring an additional 13,200 shares during the period. State of Wisconsin Investment Board bought a new stake in Equity BancShares in the 4th quarter valued at about $2,125,000. Finally, The Manufacturers Life Insurance Company raised its stake in Equity BancShares by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 591,698 shares of the bank’s stock valued at $20,952,000 after acquiring an additional 8,977 shares during the period. 63.00% of the stock is currently owned by 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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