Equity BancShares (EQBK) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Equity BancShares (NASDAQ:EQBK) from a sell rating to a hold rating in a report issued on Friday morning.

Other equities analysts also recently issued research reports about the stock. TheStreet downgraded shares of Equity BancShares from a b rating to a c rating in a research note on Wednesday, October 24th. DA Davidson assumed coverage on shares of Equity BancShares in a research note on Tuesday, November 20th. They issued a buy rating and a $46.00 price target for the company. Zacks Investment Research upgraded shares of Equity BancShares from a hold rating to a buy rating and set a $41.00 price target for the company in a research note on Thursday, November 15th. Finally, Stephens upgraded shares of Equity BancShares from an equal rating to a weight rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Equity BancShares currently has a consensus rating of Buy and a consensus target price of $44.75.

NASDAQ:EQBK opened at $37.85 on Friday. The firm has a market capitalization of $597.73 million, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.93 and a quick ratio of 0.91. Equity BancShares has a 52 week low of $31.32 and a 52 week high of $44.30.

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

In other news, Director Gary C. Allerheiligen bought 1,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of $37.00 per share, for a total transaction of $37,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Craig L. Anderson bought 2,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average price of $40.04 per share, with a total value of $80,080.00. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC acquired a new position in shares of Equity BancShares during the second quarter worth $206,000. Sheets Smith Wealth Management acquired a new position in shares of Equity BancShares during the third quarter worth $251,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Equity BancShares during the second quarter worth $315,000. MetLife Investment Advisors LLC grew its stake in shares of Equity BancShares by 55.7% during the third quarter. MetLife Investment Advisors LLC now owns 8,412 shares of the bank’s stock worth $330,000 after purchasing an additional 3,008 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Equity BancShares during the second quarter worth $338,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

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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