Wall Street Zen Upgrades Equity Bancshares (NYSE:EQBK) to “Hold”

Equity Bancshares (NYSE:EQBK) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded Equity Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Piper Sandler upgraded Equity Bancshares to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Bancshares in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Equity Bancshares Stock Performance

Shares of NYSE EQBK traded down $3.70 during trading hours on Friday, hitting $45.20. 97,235 shares of the stock were exchanged, compared to its average volume of 74,645. The firm has a fifty day moving average of $45.23. The firm has a market cap of $862.42 million, a P/E ratio of 34.50 and a beta of 0.87. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Equity Bancshares has a 1-year low of $34.11 and a 1-year high of $50.07.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.