Equities research analysts predict that Equity BancShares Inc (NASDAQ:EQBK) will announce $0.46 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Equity BancShares’ earnings, with estimates ranging from $0.35 to $0.53. Equity BancShares posted earnings of $0.62 per share in the same quarter last year, which indicates a negative year over year growth rate of 25.8%. The business is scheduled to issue its next quarterly earnings report on Monday, July 27th.
On average, analysts expect that Equity BancShares will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.50. For the next financial year, analysts expect that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.70 to $1.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Equity BancShares.
Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.38). The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $37.51 million. Equity BancShares had a net margin of 15.63% and a return on equity of 6.98%.
A number of research analysts recently weighed in on EQBK shares. BidaskClub lowered shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, May 5th. ValuEngine lowered shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Zacks Investment Research raised shares of Equity BancShares from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Stephens raised their target price on shares of Equity BancShares from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.00.
Equity BancShares stock traded up $0.51 during midday trading on Thursday, reaching $17.44. The company had a trading volume of 27,963 shares, compared to its average volume of 62,014. The company has a market capitalization of $238.46 million, a P/E ratio of 8.88 and a beta of 0.87. Equity BancShares has a 12-month low of $12.49 and a 12-month high of $31.91. The firm’s fifty day simple moving average is $16.28 and its 200-day simple moving average is $22.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.88 and a quick ratio of 0.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Equity BancShares by 1.2% during the 1st quarter. BlackRock Inc. now owns 1,032,154 shares of the bank’s stock valued at $17,805,000 after buying an additional 12,513 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Equity BancShares by 44.9% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 231,840 shares of the bank’s stock valued at $7,157,000 after buying an additional 71,890 shares during the period. Geode Capital Management LLC raised its position in shares of Equity BancShares by 5.9% during the 1st quarter. Geode Capital Management LLC now owns 216,509 shares of the bank’s stock valued at $3,734,000 after buying an additional 12,092 shares during the period. Nuveen Asset Management LLC raised its position in shares of Equity BancShares by 4.3% during the 1st quarter. Nuveen Asset Management LLC now owns 92,985 shares of the bank’s stock valued at $1,604,000 after buying an additional 3,841 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Equity BancShares by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 89,187 shares of the bank’s stock valued at $2,754,000 after buying an additional 986 shares during the period. 66.62% 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.
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