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.
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.
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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