Equity Bancshares (NYSE:EQBK – Get Free Report) posted its earnings results on Wednesday. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04, Zacks reports. Equity Bancshares had a return on equity of 11.67% and a net margin of 5.01%.
Equity Bancshares Trading Up 5.4%
EQBK stock traded up $2.53 on Wednesday, hitting $49.02. 162,499 shares of the company’s stock traded hands, compared to its average volume of 78,705. Equity Bancshares has a 1-year low of $34.11 and a 1-year high of $49.11. The firm has a market cap of $935.30 million, a PE ratio of 40.85 and a beta of 0.87. The stock’s fifty day moving average is $44.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on EQBK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Bancshares in a report on Monday, December 29th. Wall Street Zen downgraded shares of Equity Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Zacks Research cut shares of Equity Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Piper Sandler upgraded shares of Equity Bancshares to a “strong-buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy”.
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.
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