Equity Bancshares, Inc. (NYSE:EQBK) Receives Consensus Rating of “Hold” from Analysts

Equity Bancshares, Inc. (NYSE:EQBK) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $51.3333.

Several research analysts recently weighed in on EQBK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Bancshares in a research note on Friday, March 27th. DA Davidson reduced their price objective on shares of Equity Bancshares from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Wall Street Zen raised shares of Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Piper Sandler lifted their price objective on shares of Equity Bancshares from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd.

Insiders Place Their Bets

In related news, Director Donald Scott Rogerson purchased 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $45.93 per share, with a total value of $91,860.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at $229,650. This represents a 66.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its stake in Equity Bancshares by 20.2% in the fourth quarter. CWM LLC now owns 3,252 shares of the company’s stock valued at $145,000 after buying an additional 547 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Equity Bancshares in the fourth quarter valued at approximately $239,000. State of Alaska Department of Revenue lifted its stake in Equity Bancshares by 305.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,831 shares of the company’s stock valued at $126,000 after buying an additional 2,133 shares in the last quarter. SG Americas Securities LLC lifted its stake in Equity Bancshares by 16.2% in the fourth quarter. SG Americas Securities LLC now owns 7,333 shares of the company’s stock valued at $327,000 after buying an additional 1,024 shares in the last quarter. Finally, CSM Advisors LLC lifted its stake in Equity Bancshares by 9.8% in the third quarter. CSM Advisors LLC now owns 126,900 shares of the company’s stock valued at $5,165,000 after buying an additional 11,340 shares in the last quarter. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Stock Down 0.4%

Equity Bancshares stock opened at $45.70 on Friday. The company’s 50 day simple moving average is $44.92 and its 200 day simple moving average is $44.72. Equity Bancshares has a fifty-two week low of $36.04 and a fifty-two week high of $50.07. The firm has a market capitalization of $959.14 million, a price-to-earnings ratio of 36.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.92 and a quick ratio of 0.91.

Equity Bancshares (NYSE:EQBK) last released its quarterly earnings data on Tuesday, April 14th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.17. Equity Bancshares had a net margin of 6.15% and a return on equity of 13.43%. The business had revenue of $83.26 million for the quarter, compared to analyst estimates of $85.24 million. As a group, sell-side analysts anticipate that Equity Bancshares will post 5.06 EPS for the current year.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. Equity Bancshares’s payout ratio is presently 57.14%.

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.