Equity BancShares Inc (NASDAQ:EQBK) Receives Average Recommendation of “Hold” from Analysts

Equity BancShares Inc (NASDAQ:EQBK) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.00.

Several research analysts recently issued reports on the stock. BidaskClub cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a report on Tuesday, May 5th. Zacks Investment Research raised shares of Equity BancShares from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. ValuEngine cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Stephens raised their target price on shares of Equity BancShares from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, May 1st.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQBK. Great West Life Assurance Co. Can purchased a new position in Equity BancShares in the fourth quarter valued at $44,000. Bank of Montreal Can increased its holdings in Equity BancShares by 43.6% in the fourth quarter. Bank of Montreal Can now owns 1,872 shares of the bank’s stock valued at $58,000 after buying an additional 568 shares in the last quarter. Citigroup Inc. increased its holdings in Equity BancShares by 35.1% in the first quarter. Citigroup Inc. now owns 4,348 shares of the bank’s stock valued at $75,000 after buying an additional 1,130 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Equity BancShares by 163.7% in the first 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 in the last quarter. Finally, Deutsche Bank AG increased its holdings in Equity BancShares by 93.0% in the first 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 in the last quarter. 66.62% of the stock is owned by institutional investors.

Shares of NASDAQ:EQBK traded down $1.00 on Friday, hitting $15.69. 118,161 shares of the company were exchanged, compared to its average volume of 81,162. Equity BancShares has a 1-year low of $12.49 and a 1-year high of $31.91. The stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $22.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $253.65 million, a P/E ratio of 8.01 and a beta of 0.86.

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). Equity BancShares had a return on equity of 6.98% and a net margin of 15.63%. The company had revenue of $37.40 million for the quarter, compared to analyst estimates of $37.51 million. On average, equities analysts predict that Equity BancShares will post 1.53 EPS 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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