Equity BancShares (EQBK) Lifted to “Sell” at BidaskClub
BidaskClub upgraded shares of Equity BancShares (NASDAQ:EQBK) from a strong sell rating to a sell rating in a report issued on Friday.
EQBK has been the topic of a number of other reports. Zacks Investment Research cut Equity BancShares from a hold rating to a sell rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a buy rating and issued a $45.00 price target on shares of Equity BancShares in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $34.75.
Equity BancShares (EQBK) traded down $0.13 during midday trading on Friday, reaching $36.10. The company had a trading volume of 57,799 shares, compared to its average volume of 60,519. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Equity BancShares has a one year low of $29.13 and a one year high of $36.99. The stock has a market cap of $440.06 and a PE ratio of 22.01.
Several institutional investors and hedge funds have recently modified their holdings of EQBK. Commerce Bank raised its holdings in shares of Equity BancShares by 197.9% during the 3rd quarter. Commerce Bank now owns 207,977 shares of the bank’s stock worth $7,400,000 after acquiring an additional 138,156 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Equity BancShares by 35.2% during the 2nd quarter. Vanguard Group Inc. now owns 308,622 shares of the bank’s stock worth $9,456,000 after acquiring an additional 80,285 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Equity BancShares by 124.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock worth $4,254,000 after acquiring an additional 66,390 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Equity BancShares during the 3rd quarter worth approximately $2,101,000. Finally, State Street Corp raised its holdings in shares of Equity BancShares by 60.1% during the 2nd quarter. State Street Corp now owns 156,337 shares of the bank’s stock worth $4,790,000 after acquiring an additional 58,679 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.
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Equity BancShares Company Profile
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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