ValuEngine downgraded shares of Equity BancShares (NASDAQ:EQBK) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

EQBK has been the subject of several other research reports. BidaskClub upgraded Equity BancShares from a strong sell rating to a sell rating in a report on Tuesday, October 30th. TheStreet upgraded Equity BancShares from a c rating to a b- rating in a report on Monday, November 12th. Zacks Investment Research upgraded Equity BancShares from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Thursday, November 15th. DA Davidson assumed coverage on Equity BancShares in a report on Tuesday, November 20th. They set a buy rating and a $46.00 price objective for the company. Finally, Stephens upgraded Equity BancShares from an equal rating to a weight rating in a report on Monday, October 15th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Equity BancShares presently has a consensus rating of Hold and an average price target of $44.75.

Equity BancShares stock opened at $35.53 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.38. The firm has a market cap of $553.83 million, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.46 and a beta of 0.69. Equity BancShares has a twelve month low of $31.32 and a twelve month high of $44.30.

Equity BancShares (NASDAQ:EQBK) last posted its earnings results on Wednesday, October 17th. The bank reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). The company 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%. Analysts anticipate that Equity BancShares will post 2.41 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new position in shares of Equity BancShares in the 2nd quarter valued at $206,000. Sheets Smith Wealth Management acquired a new position in shares of Equity BancShares in the 3rd quarter valued at $251,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Equity BancShares in the 2nd quarter valued at $315,000. Engineers Gate Manager LP acquired a new position in shares of Equity BancShares in the 2nd quarter valued at $338,000. Finally, MetLife Investment Advisors LLC increased its position in shares of Equity BancShares by 55.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,412 shares of the bank’s stock valued at $330,000 after acquiring an additional 3,008 shares during the period. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Debt-To-Equity Ratio

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