Equity BancShares (EQBK) Announces Earnings Results, Misses Estimates By $0.19 EPS

Equity BancShares (NASDAQ:EQBK) released its earnings results on Monday. The bank reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.19), Morningstar.com reports. The firm had revenue of $35.96 million for the quarter, compared to analyst estimates of $38.61 million. Equity BancShares had a return on equity of 9.66% and a net margin of 19.76%.

Shares of Equity BancShares stock opened at $24.71 on Wednesday. The stock has a market cap of $470.93 million, a PE ratio of 9.36, a PEG ratio of 1.07 and a beta of 0.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.87 and a quick ratio of 0.87. Equity BancShares has a 52-week low of $24.52 and a 52-week high of $44.30.

In other news, Director Gary C. Allerheiligen purchased 1,000 shares of Equity BancShares stock in a transaction dated Thursday, January 31st. The stock was acquired at an average cost of $31.75 per share, for a total transaction of $31,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have bought 1,068 shares of company stock valued at $33,972. 8.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Equity BancShares by 3.7% in the third quarter. BlackRock Inc. now owns 765,971 shares of the bank’s stock valued at $30,073,000 after acquiring an additional 27,308 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Equity BancShares by 17.0% in the third quarter. Dimensional Fund Advisors LP now owns 426,680 shares of the bank’s stock valued at $16,751,000 after acquiring an additional 62,006 shares in the last quarter. Renaissance Technologies LLC grew its position in Equity BancShares by 2.0% in the third quarter. Renaissance Technologies LLC now owns 440,800 shares of the bank’s stock valued at $17,306,000 after acquiring an additional 8,703 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Equity BancShares by 55.7% in the third quarter. MetLife Investment Advisors LLC now owns 8,412 shares of the bank’s stock valued at $330,000 after acquiring an additional 3,008 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Equity BancShares by 7.8% in the third quarter. Teachers Advisors LLC now owns 24,404 shares of the bank’s stock valued at $958,000 after acquiring an additional 1,760 shares in the last quarter. Hedge funds and other institutional investors own 64.50% of the company’s stock.

EQBK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered Equity BancShares from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $47.00 to $45.00 in a report on Thursday, January 3rd. ValuEngine raised Equity BancShares from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub lowered Equity BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Finally, Zacks Investment Research lowered Equity BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.00.

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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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Earnings History for Equity BancShares (NASDAQ:EQBK)

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