BidaskClub downgraded shares of Equity BancShares (NASDAQ:EQBK) from a buy rating to a hold rating in a research note released on Saturday, BidAskClub reports.

EQBK has been the topic of several other reports. ValuEngine downgraded shares of Equity BancShares from a hold rating to a sell rating in a report on Friday, November 1st. Zacks Investment Research downgraded shares of Equity BancShares from a strong-buy rating to a hold rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $40.33.

EQBK traded up $0.32 during midday trading on Friday, hitting $28.59. 6,531 shares of the company traded hands, compared to its average volume of 31,895. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $438.88 million, a price-to-earnings ratio of 10.83 and a beta of 0.48. Equity BancShares has a 52-week low of $22.75 and a 52-week high of $38.40. The business has a 50 day simple moving average of $27.45 and a two-hundred day simple moving average of $26.44.

Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The business had revenue of $38.10 million for the quarter. Equity BancShares had a net margin of 12.63% and a return on equity of 8.41%. Equities research analysts anticipate that Equity BancShares will post 2.36 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Equity BancShares by 5.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,337,262 shares of the bank’s stock worth $35,651,000 after buying an additional 72,385 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Equity BancShares by 24.1% in the second quarter. BlackRock Inc. now owns 983,264 shares of the bank’s stock worth $26,213,000 after buying an additional 190,741 shares in the last quarter. Mendon Capital Advisors Corp lifted its stake in shares of Equity BancShares by 18.8% in the second quarter. Mendon Capital Advisors Corp now owns 954,042 shares of the bank’s stock worth $25,434,000 after buying an additional 150,812 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Equity BancShares by 1.0% in the second quarter. Vanguard Group Inc. now owns 725,903 shares of the bank’s stock worth $19,353,000 after buying an additional 7,430 shares in the last quarter. Finally, RMB Capital Management LLC lifted its stake in shares of Equity BancShares by 41.8% in the second quarter. RMB Capital Management LLC now owns 579,545 shares of the bank’s stock worth $15,451,000 after buying an additional 170,784 shares in the last quarter. 67.40% of the stock is currently owned by hedge funds and other institutional investors.

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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