BidaskClub upgraded shares of Equity BancShares (NASDAQ:EQBK) from a strong sell rating to a sell rating in a report published on Tuesday.
EQBK has been the subject of a number of other research reports. Stephens upgraded Equity BancShares from an equal rating to a weight rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Equity BancShares from a sell rating to a hold rating in a research report on Tuesday, July 24th. ValuEngine lowered Equity BancShares from a buy rating to a hold rating in a research report on Saturday, July 14th. Finally, TheStreet lowered Equity BancShares from a b rating to a c rating in a research report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $45.00.
Shares of EQBK stock opened at $36.36 on Tuesday. Equity BancShares has a 52-week low of $31.32 and a 52-week high of $44.30. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $551.44 million, a price-to-earnings ratio of 18.36 and a beta of 0.51.
Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.07). Equity BancShares had a return on equity of 9.71% and a net margin of 18.38%. The business had revenue of $38.19 million during the quarter. Analysts expect that Equity BancShares will post 2.36 EPS for the current year.
In other news, COO Craig L. Anderson acquired 2,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was purchased at an average price of $40.04 per share, for a total transaction of $80,080.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julie A. Huber sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $41.57, for a total value of $124,710.00. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in shares of Equity BancShares by 21.1% in the 3rd quarter. First Trust Advisors LP now owns 44,660 shares of the bank’s stock valued at $1,753,000 after acquiring an additional 7,792 shares during the last quarter. UMB Bank N A MO bought a new position in shares of Equity BancShares in the 3rd quarter valued at about $3,768,000. Wealth Alliance Advisory Group LLC lifted its holdings in shares of Equity BancShares by 26.5% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 26,379 shares of the bank’s stock valued at $1,036,000 after acquiring an additional 5,520 shares during the last quarter. Sheets Smith Wealth Management bought a new position in shares of Equity BancShares in the 3rd quarter valued at about $251,000. Finally, Northern Trust Corp lifted its holdings in shares of Equity BancShares by 21.8% in the 2nd quarter. Northern Trust Corp now owns 152,937 shares of the bank’s stock valued at $6,344,000 after acquiring an additional 27,345 shares during the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.
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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