Shares of Equity BancShares Inc (NASDAQ:EQBK) have been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.33.
Several analysts have issued reports on EQBK shares. TheStreet upgraded Equity BancShares from a “c” rating to a “b” rating in a research note on Wednesday, February 28th. Sandler O’Neill restated a “buy” rating and set a $45.00 price objective on shares of Equity BancShares in a research note on Friday, April 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price objective on shares of Equity BancShares in a research note on Friday, April 20th. BidaskClub upgraded Equity BancShares from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Finally, Zacks Investment Research upgraded Equity BancShares from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, March 16th.
Equity BancShares traded down $0.15, hitting $39.52, on Monday, according to MarketBeat Ratings. 27,065 shares of the stock traded hands, compared to its average volume of 42,086. Equity BancShares has a twelve month low of $39.40 and a twelve month high of $39.53. The stock has a market capitalization of $580.70 million, a P/E ratio of 19.96 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.97.
Equity BancShares (NASDAQ:EQBK) last announced its quarterly earnings data on Thursday, April 19th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.03). Equity BancShares had a net margin of 18.85% and a return on equity of 9.12%. The firm had revenue of $10.59 million for the quarter. analysts anticipate that Equity BancShares will post 2.73 EPS for the current year.
Several institutional investors have recently made changes to their positions in EQBK. Covenant Multifamily Offices LLC acquired a new stake in shares of Equity BancShares during the 4th quarter worth approximately $4,189,000. Mariner Wealth Advisors LLC acquired a new stake in shares of Equity BancShares during the 4th quarter worth approximately $3,397,000. Dimensional Fund Advisors LP raised its position in shares of Equity BancShares by 48.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 251,880 shares of the bank’s stock worth $9,864,000 after purchasing an additional 81,790 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Equity BancShares by 66.2% during 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 period. Finally, BlackRock Inc. raised its position in shares of Equity BancShares by 14.1% during the 1st quarter. BlackRock Inc. now owns 566,957 shares of the bank’s stock worth $22,203,000 after purchasing an additional 69,883 shares during the period. Institutional investors and hedge funds own 58.51% 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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