Equity BancShares Inc (NASDAQ:EQBK) Given Average Rating of “Hold” by Brokerages

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

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

Hedge funds have recently made changes to their positions in the company. Strs Ohio grew its position in Equity BancShares by 19.7% in the 4th quarter. Strs Ohio now owns 14,600 shares of the bank’s stock valued at $450,000 after purchasing an additional 2,400 shares during the period. California Public Employees Retirement System acquired a new stake in Equity BancShares in the 4th quarter valued at $586,000. Providence Wealth Advisors LLC acquired a new stake in Equity BancShares in the 4th quarter valued at $202,000. Russell Investments Group Ltd. grew its position in Equity BancShares by 67.6% in the 4th quarter. Russell Investments Group Ltd. now owns 13,209 shares of the bank’s stock valued at $407,000 after purchasing an additional 5,330 shares during the period. Finally, Victory Capital Management Inc. grew its position in Equity BancShares by 1,912.4% in the 4th quarter. Victory Capital Management Inc. now owns 52,484 shares of the bank’s stock valued at $1,410,000 after purchasing an additional 49,876 shares during the period. 66.62% of the stock is owned by institutional investors.

Equity BancShares stock traded up $0.22 during mid-day trading on Tuesday, hitting $16.53. 87,100 shares of the stock were exchanged, compared to its average volume of 58,349. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.93. Equity BancShares has a 12 month low of $12.49 and a 12 month high of $31.91. The firm’s fifty day simple moving average is $16.23 and its two-hundred day simple moving average is $23.72. The stock has a market capitalization of $247.88 million, a price-to-earnings ratio of 8.43 and a beta of 0.87.

Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $37.40 million for the quarter, compared to the consensus estimate of $37.51 million. As a group, analysts forecast that Equity BancShares will post 1.48 earnings per share for the current fiscal year.

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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