Equity BancShares Inc (NASDAQ:EQBK) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.30 and last traded at $39.30, with a volume of 62525 shares traded. The stock had previously closed at $38.96.
Several research analysts have recently issued reports on EQBK shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $45.00 price target on shares of Equity BancShares in a research note on Friday, December 22nd. BidaskClub raised Equity BancShares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research raised Equity BancShares from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, January 12th. Finally, TheStreet raised Equity BancShares from a “c” rating to a “b” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Equity BancShares presently has a consensus rating of “Hold” and an average target price of $35.50.
The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $569.01, a PE ratio of 24.39 and a beta of 0.72.
Equity BancShares (NASDAQ:EQBK) last issued its earnings results on Thursday, January 25th. The bank reported $0.55 earnings per share for the quarter. Equity BancShares had a return on equity of 8.87% and a net margin of 17.48%. The company had revenue of $28.69 million for the quarter. analysts expect that Equity BancShares Inc will post 2.73 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of EQBK. Covenant Multifamily Offices LLC acquired a new position in Equity BancShares in the 4th quarter worth about $4,189,000. Mariner Wealth Advisors LLC acquired a new position in Equity BancShares in the 4th quarter worth about $3,397,000. Vanguard Group Inc. increased its position in Equity BancShares by 35.2% in the 2nd quarter. Vanguard Group Inc. now owns 308,622 shares of the bank’s stock worth $9,456,000 after purchasing an additional 80,285 shares during the last quarter. Kennedy Capital Management Inc. increased its position in Equity BancShares by 66.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 184,748 shares of the bank’s stock worth $6,542,000 after purchasing an additional 73,618 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Equity BancShares by 124.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock worth $4,254,000 after purchasing an additional 66,390 shares during the last quarter. 59.47% of the stock is currently owned by institutional investors.
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Equity BancShares Company Profile
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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