Equity Bancshares (NYSE:EQBK) Stock Rating Lowered by Wall Street Zen

Equity Bancshares (NYSE:EQBK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

EQBK has been the subject of a number of other research reports. Zacks Research upgraded Equity Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Equity Bancshares in a research note on Wednesday, October 8th. Finally, Piper Sandler upgraded Equity Bancshares to a “strong-buy” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Equity Bancshares Trading Up 3.4%

Shares of EQBK opened at $40.10 on Friday. Equity Bancshares has a 12 month low of $34.11 and a 12 month high of $50.85. The firm’s fifty day simple moving average is $40.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $770.72 million, a price-to-earnings ratio of 33.42 and a beta of 0.82.

Equity Bancshares (NYSE:EQBK) last issued its earnings results on Tuesday, October 14th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.22. The company had revenue of $71.36 million during the quarter, compared to analyst estimates of $69.35 million. Equity Bancshares had a return on equity of 12.13% and a net margin of 5.01%.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various 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, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.