Equity BancShares (EQBK) Now Covered by Analysts at DA Davidson

DA Davidson started coverage on shares of Equity BancShares (NASDAQ:EQBK) in a research note issued to investors on Tuesday, Marketbeat reports. The firm issued a buy rating and a $46.00 price target on the bank’s stock. DA Davidson also issued estimates for Equity BancShares’ Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $2.40 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $0.81 EPS, FY2019 earnings at $3.15 EPS and FY2020 earnings at $3.35 EPS.

EQBK has been the topic of a number of other reports. BidaskClub upgraded shares of Equity BancShares from a strong sell rating to a sell rating in a report on Tuesday, October 30th. TheStreet upgraded shares of Equity BancShares from a c rating to a b- rating in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Equity BancShares from a hold rating to a buy rating and set a $41.00 price objective on the stock in a report on Thursday, November 15th. Finally, Stephens upgraded shares of Equity BancShares from an equal rating to a weight rating in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $44.75.

Equity BancShares stock traded down $0.19 during mid-day trading on Tuesday, reaching $37.00. 48,778 shares of the company’s stock were exchanged, compared to its average volume of 48,676. The firm has a market cap of $584.30 million, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. Equity BancShares has a twelve month low of $31.32 and a twelve month high of $44.30. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.38.

Equity BancShares (NASDAQ:EQBK) last released its earnings results on Wednesday, October 17th. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.07). The business had revenue of $38.19 million for the quarter. Equity BancShares had a return on equity of 9.43% and a net margin of 18.38%. On average, equities research analysts anticipate that Equity BancShares will post 2.41 earnings per share for the current fiscal year.

In related news, Director Gary C. Allerheiligen purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average cost of $37.00 per share, for a total transaction of $37,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, COO Craig L. Anderson purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were bought at an average price of $40.04 per share, for a total transaction of $80,080.00. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in Equity BancShares by 141.8% during the 3rd quarter. FMR LLC now owns 1,290,059 shares of the bank’s stock worth $50,648,000 after acquiring an additional 756,428 shares in the last quarter. BlackRock Inc. raised its stake in Equity BancShares by 3.7% during the 3rd quarter. BlackRock Inc. now owns 765,971 shares of the bank’s stock worth $30,073,000 after acquiring an additional 27,308 shares in the last quarter. Renaissance Technologies LLC raised its stake in Equity BancShares by 2.0% during the 3rd quarter. Renaissance Technologies LLC now owns 440,800 shares of the bank’s stock worth $17,306,000 after acquiring an additional 8,703 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Equity BancShares by 17.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 426,680 shares of the bank’s stock worth $16,751,000 after acquiring an additional 62,006 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Equity BancShares by 21.8% during the 2nd quarter. Northern Trust Corp now owns 152,937 shares of the bank’s stock worth $6,344,000 after acquiring an additional 27,345 shares in the last quarter. Hedge funds and other institutional investors own 63.25% of the company’s stock.

About Equity BancShares

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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