Equity BancShares Inc (NASDAQ:EQBK) Receives Consensus Rating of “Hold” from Analysts

Equity BancShares Inc (NASDAQ:EQBK) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of equities research analysts have issued reports on the company. ValuEngine lowered Equity BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Zacks Investment Research upgraded Equity BancShares from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. BidaskClub lowered Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, May 5th. Finally, Stephens increased their price target on Equity BancShares from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st.

Shares of NASDAQ:EQBK traded down $1.00 during midday trading on Friday, hitting $15.69. The company had a trading volume of 118,161 shares, compared to its average volume of 81,162. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $253.65 million, a price-to-earnings ratio of 8.01 and a beta of 0.86. Equity BancShares has a 12-month low of $12.49 and a 12-month high of $31.91. The company has a fifty day moving average of $16.29 and a two-hundred day moving average of $22.31.

Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.08 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.38). The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $37.51 million. Equity BancShares had a return on equity of 6.98% and a net margin of 15.63%. Research analysts expect that Equity BancShares will post 1.53 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can bought a new position in shares of Equity BancShares during the 4th quarter valued at about $44,000. Bank of Montreal Can boosted its holdings in shares of Equity BancShares by 43.6% during the 4th quarter. Bank of Montreal Can now owns 1,872 shares of the bank’s stock valued at $58,000 after purchasing an additional 568 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Equity BancShares by 35.1% during the 1st quarter. Citigroup Inc. now owns 4,348 shares of the bank’s stock valued at $75,000 after purchasing an additional 1,130 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Equity BancShares by 163.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,649 shares of the bank’s stock valued at $80,000 after buying an additional 2,886 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Equity BancShares by 93.0% during the 1st quarter. Deutsche Bank AG now owns 9,569 shares of the bank’s stock valued at $165,000 after buying an additional 4,611 shares in the last quarter. 66.62% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Diluted Earnings Per Share

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