Equity BancShares Inc (NASDAQ:EQBK) – Research analysts at Piper Sandler decreased their Q2 2020 earnings per share (EPS) estimates for shares of Equity BancShares in a note issued to investors on Tuesday, June 30th. Piper Sandler analyst A. Liesch now anticipates that the bank will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.39. Piper Sandler also issued estimates for Equity BancShares’ Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $1.35 EPS, Q1 2021 earnings at $0.30 EPS, Q2 2021 earnings at $0.36 EPS, Q3 2021 earnings at $0.37 EPS and Q4 2021 earnings at $0.37 EPS.
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 Thomson Reuters’ consensus estimate of $0.46 by ($0.38). The business had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $37.51 million. Equity BancShares had a net margin of 15.63% and a return on equity of 6.98%.
EQBK has been the subject of several other research reports. Stephens boosted their price target on shares of Equity BancShares from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. ValuEngine cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Zacks Investment Research upgraded shares of Equity BancShares from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, BidaskClub lowered Equity BancShares from a “hold” rating to a “sell” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.00.
Equity BancShares stock opened at $16.93 on Wednesday. The firm has a market cap of $257.30 million, a PE ratio of 8.14 and a beta of 0.86. Equity BancShares has a 52-week low of $12.49 and a 52-week high of $31.91. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $16.27 and its two-hundred day moving average is $22.02.
A number of institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can purchased a new position in shares of Equity BancShares in the 4th quarter valued at approximately $44,000. Bank of Montreal Can lifted its holdings in shares of Equity BancShares by 43.6% during the fourth quarter. Bank of Montreal Can now owns 1,872 shares of the bank’s stock worth $58,000 after purchasing an additional 568 shares during the period. Citigroup Inc. lifted its holdings in shares of Equity BancShares by 35.1% during the first quarter. Citigroup Inc. now owns 4,348 shares of the bank’s stock worth $75,000 after purchasing an additional 1,130 shares during the period. BNP Paribas Arbitrage SA grew its position in Equity BancShares by 163.7% in 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 during the last quarter. Finally, Deutsche Bank AG increased its stake in Equity BancShares by 93.0% in 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 during the period. 66.62% of the stock is owned by institutional investors.
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.
Further Reading: Diversification Important in Investing
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