Piper Sandler Comments on Equity BancShares Inc’s Q2 2020 Earnings (NASDAQ:EQBK)

Equity BancShares Inc (NASDAQ:EQBK) – Analysts at Piper Sandler decreased their Q2 2020 earnings per share estimates for shares of Equity BancShares in a research report issued on Tuesday, June 30th. Piper Sandler analyst A. Liesch now expects that the bank will earn $0.34 per share for the quarter, down from their previous forecast of $0.39. Piper Sandler also issued estimates for Equity BancShares’ Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $1.35 EPS, Q1 2021 earnings at $0.30 EPS, Q2 2021 earnings at $0.36 EPS, Q3 2021 earnings at $0.37 EPS and Q4 2021 earnings at $0.37 EPS.

EQBK has been the subject of several other research reports. Stephens increased their price objective on Equity BancShares from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Investment Research raised shares of Equity BancShares from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. BidaskClub downgraded shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, May 5th. Finally, ValuEngine downgraded shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. 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 stock. Equity BancShares currently has an average rating of “Hold” and an average target price of $26.00.

NASDAQ EQBK opened at $16.93 on Wednesday. The firm has a market cap of $257.30 million, a P/E ratio of 8.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50-day moving average is $16.27 and its 200-day moving average is $22.02. Equity BancShares has a one year low of $12.49 and a one year high of $31.91.

Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.38). Equity BancShares had a net margin of 15.63% and a return on equity of 6.98%. The firm had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.51 million.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake 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 worth $17,805,000 after purchasing an additional 12,513 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Equity BancShares by 44.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 231,840 shares of the bank’s stock worth $7,157,000 after buying an additional 71,890 shares in the last quarter. Geode Capital Management LLC increased its stake in Equity BancShares by 5.9% in the 1st quarter. Geode Capital Management LLC now owns 216,509 shares of the bank’s stock worth $3,734,000 after acquiring an additional 12,092 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Equity BancShares by 4.3% in the 1st quarter. Nuveen Asset Management LLC now owns 92,985 shares of the bank’s stock worth $1,604,000 after acquiring an additional 3,841 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Equity BancShares by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 89,187 shares of the bank’s stock worth $2,754,000 after acquiring an additional 986 shares during the last quarter. Hedge funds and other institutional investors own 66.62% of the company’s stock.

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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Earnings History and Estimates for Equity BancShares (NASDAQ:EQBK)

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