Analysts Set Equity Bancshares, Inc. (NASDAQ:EQBK) Price Target at $23.00


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Equity Bancshares, Inc. (NASDAQ:EQBK) has been given an average recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $23.00.

A number of equities analysts recently commented on EQBK shares. ValuEngine upgraded Equity Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. TheStreet downgraded Equity Bancshares from a “c” rating to a “d+” rating in a research report on Wednesday, October 21st. Zacks Investment Research upgraded Equity Bancshares from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, January 4th. Finally, BidaskClub upgraded Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, October 23rd.

Equity Bancshares stock traded down $0.41 during trading on Wednesday, reaching $23.43. 17,200 shares of the company were exchanged, compared to its average volume of 36,126. Equity Bancshares has a 52-week low of $12.49 and a 52-week high of $28.95. The company has a market capitalization of $348.01 million, a P/E ratio of -4.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $21.57 and its two-hundred day simple moving average is $17.69.

Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings data on Tuesday, October 20th. The bank reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.10. Equity Bancshares had a positive return on equity of 5.26% and a negative net margin of 42.38%. The firm had revenue of $38.59 million for the quarter, compared to the consensus estimate of $39.65 million. As a group, equities analysts forecast that Equity Bancshares will post 1.24 earnings per share for the current year.

A number of large investors have recently bought and sold shares of EQBK. Patriot Financial Partners GP LP purchased a new stake in shares of Equity Bancshares in the 2nd quarter valued at $7,799,000. BlackRock Inc. raised its holdings in shares of Equity Bancshares by 10.3% in the 3rd quarter. BlackRock Inc. now owns 1,184,257 shares of the bank’s stock valued at $18,356,000 after buying an additional 110,458 shares during the period. Banc Funds Co. LLC raised its holdings in shares of Equity Bancshares by 49.3% in the 3rd quarter. Banc Funds Co. LLC now owns 237,637 shares of the bank’s stock valued at $3,683,000 after buying an additional 78,481 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Equity Bancshares in the 2nd quarter valued at $1,156,000. Finally, Second Curve Capital LLC purchased a new stake in shares of Equity Bancshares in the 3rd quarter valued at $945,000. Institutional investors own 64.78% of the company’s stock.

About Equity Bancshares

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various 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, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

Further Reading: Return on Investment (ROI)

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