Equity BancShares Inc (EQBK) Receives $45.50 Average Price Target from Brokerages

Equity BancShares Inc (NASDAQ:EQBK) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.50.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. BidaskClub lowered shares of Equity BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. TheStreet downgraded shares of Equity BancShares from a “b-” rating to a “c” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine downgraded shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st.

In related news, COO Craig L. Anderson purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $26.31 per share, with a total value of $26,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Equity BancShares by 25.0% in the fourth quarter. Legal & General Group Plc now owns 2,499 shares of the bank’s stock worth $88,000 after buying an additional 500 shares in the last quarter. Swiss National Bank increased its stake in shares of Equity BancShares by 2.8% during the first quarter. Swiss National Bank now owns 25,832 shares of the bank’s stock valued at $744,000 after purchasing an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Equity BancShares during the first quarter valued at approximately $26,000. Wealth Alliance Advisory Group LLC increased its stake in shares of Equity BancShares by 3.8% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 27,379 shares of the bank’s stock valued at $965,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new position in shares of Equity BancShares during the first quarter valued at approximately $29,000. 63.79% of the stock is owned by institutional investors.

Shares of Equity BancShares stock traded down $0.40 during trading on Friday, reaching $26.50. 970 shares of the stock were exchanged, compared to its average volume of 82,099. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The firm has a market cap of $424.47 million, a P/E ratio of 10.15, a P/E/G ratio of 1.06 and a beta of 0.35. Equity BancShares has a 1 year low of $22.75 and a 1 year high of $44.30.

Equity BancShares (NASDAQ:EQBK) last posted its earnings results on Monday, April 22nd. The bank reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.19). The firm had revenue of $35.96 million for the quarter, compared to analysts’ expectations of $38.61 million. Equity BancShares had a return on equity of 9.02% and a net margin of 12.04%. Research analysts forecast that Equity BancShares will post 2.54 earnings per share for the current fiscal year.

Equity BancShares Company Profile

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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