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

Equity BancShares Inc (NASDAQ:EQBK) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $35.33.

Several brokerages recently issued reports on EQBK. Zacks Investment Research lowered Equity BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded Equity BancShares from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price target on shares of Equity BancShares in a research note on Friday, April 20th. Sandler O’Neill restated a “buy” rating and set a $45.00 price target on shares of Equity BancShares in a research note on Friday, April 20th. Finally, TheStreet upgraded Equity BancShares from a “c” rating to a “b” rating in a research note on Wednesday, February 28th.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Equity BancShares by 1.4% during the fourth quarter. BlackRock Inc. now owns 497,074 shares of the bank’s stock valued at $17,601,000 after acquiring an additional 6,672 shares during the period. Renaissance Technologies LLC increased its stake in Equity BancShares by 4.9% during the fourth quarter. Renaissance Technologies LLC now owns 280,900 shares of the bank’s stock valued at $9,947,000 after acquiring an additional 13,200 shares during the period. State of Wisconsin Investment Board bought a new position in Equity BancShares during the fourth quarter valued at about $2,125,000. The Manufacturers Life Insurance Company increased its stake in Equity BancShares by 1.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 591,698 shares of the bank’s stock valued at $20,952,000 after acquiring an additional 8,977 shares during the period. Finally, Mariner Wealth Advisors LLC bought a new position in Equity BancShares during the fourth quarter valued at about $3,397,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.

NASDAQ EQBK opened at $39.81 on Friday. Equity BancShares has a twelve month low of $29.57 and a twelve month high of $40.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $586.39 million, a P/E ratio of 20.11 and a beta of 0.60.

Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings data on Thursday, April 19th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). Equity BancShares had a return on equity of 8.69% and a net margin of 18.85%. The business had revenue of $10.59 million for the quarter. analysts expect that Equity BancShares will post 2.72 EPS for the current 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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