Equity Bancshares (EQBK) Expected to Announce Earnings on Wednesday

Equity Bancshares (NASDAQ:EQBK) is projected to announce its results after the market closes on Wednesday, January 21st. Analysts expect the company to announce earnings of $1.25 per share and revenue of $75.0270 million for the quarter.

Equity Bancshares Trading Down 0.7%

Shares of NASDAQ EQBK opened at $47.07 on Tuesday. Equity Bancshares has a twelve month low of $34.11 and a twelve month high of $48.14. The stock has a market cap of $897.81 million, a price-to-earnings ratio of 11.83 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average is $44.81 and its 200-day moving average is $42.05.

Equity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.72 annualized dividend and a yield of 1.5%. Equity Bancshares’s payout ratio is currently 60.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson restated a “neutral” rating and issued a $45.00 price target on shares of Equity Bancshares in a report on Thursday, October 16th. Piper Sandler increased their target price on Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

Institutional Investors Weigh In On Equity Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock worth $28,000 after acquiring an additional 502 shares during the last quarter. State of Wyoming acquired a new position in Equity Bancshares during the second quarter worth $59,000. Tower Research Capital LLC TRC boosted its holdings in Equity Bancshares by 233.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank’s stock worth $79,000 after purchasing an additional 1,347 shares during the last quarter. BNP Paribas Financial Markets grew its position in Equity Bancshares by 33.3% in the second quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank’s stock valued at $89,000 after purchasing an additional 547 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Equity Bancshares in the 3rd quarter valued at $101,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.