Equity BancShares Inc (EQBK) Receives $45.50 Average PT from Analysts

Shares of Equity BancShares Inc (NASDAQ:EQBK) have been given a consensus rating of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.50.

Several brokerages have issued reports on EQBK. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. BidaskClub downgraded Equity BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. ValuEngine downgraded Equity BancShares from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Finally, TheStreet downgraded Equity BancShares from a “b-” rating to a “c” rating in a report on Tuesday, April 23rd.

NASDAQ EQBK traded down $0.05 on Friday, reaching $25.92. The company had a trading volume of 68,200 shares, compared to its average volume of 81,778. The company has a market capitalization of $425.10 million, a PE ratio of 9.82, a P/E/G ratio of 1.17 and a beta of 0.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Equity BancShares has a 52 week low of $22.75 and a 52 week high of $44.30.

Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.19). The company had revenue of $35.96 million during the quarter, compared to the consensus estimate of $38.61 million. Equity BancShares had a net margin of 12.04% and a return on equity of 8.98%. As a group, sell-side analysts predict that Equity BancShares will post 2.29 earnings per share for the current fiscal year.

In other Equity BancShares news, COO Craig L. Anderson purchased 1,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $26.31 per share, for a total transaction of $26,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Equity BancShares by 25.0% during the fourth quarter. Legal & General Group Plc now owns 2,499 shares of the bank’s stock worth $88,000 after buying an additional 500 shares during the period. Swiss National Bank boosted its position in shares of Equity BancShares by 2.8% during the first quarter. Swiss National Bank now owns 25,832 shares of the bank’s stock worth $744,000 after buying an additional 700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Equity BancShares during the first quarter worth about $26,000. Wealth Alliance Advisory Group LLC boosted its position in shares of Equity BancShares by 3.8% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 27,379 shares of the bank’s stock worth $965,000 after buying an additional 1,000 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of Equity BancShares during the first quarter worth about $29,000. 62.02% of the stock is 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.

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