Equity BancShares (NASDAQ:EQBK) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday, BidAskClub reports.

A number of other research analysts have also recently weighed in on the stock. TheStreet cut shares of Equity BancShares from a “b-” rating to a “c” rating in a research report on Tuesday, April 23rd. Zacks Investment Research cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

EQBK stock traded up $0.40 during midday trading on Friday, reaching $25.78. 76,477 shares of the company’s stock traded hands, compared to its average volume of 52,610. The stock has a market cap of $399.48 million, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.11 and a beta of 0.40. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.63. Equity BancShares has a fifty-two week low of $22.75 and a fifty-two week high of $44.30.

Equity BancShares (NASDAQ:EQBK) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.19). The business had revenue of $35.96 million for the quarter, compared to analyst estimates of $38.61 million. Equity BancShares had a net margin of 12.04% and a return on equity of 8.98%. On average, equities analysts forecast that Equity BancShares will post 2.29 EPS for the current fiscal year.

In other news, Director Harvey R. Sorensen acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $25.66 per share, for a total transaction of $51,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Berglund acquired 1,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $25,560.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 5,000 shares of company stock worth $128,010. 8.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Equity BancShares by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 573,348 shares of the bank’s stock valued at $22,509,000 after purchasing an additional 11,560 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Equity BancShares by 42.5% during the 4th quarter. Rhumbline Advisers now owns 19,079 shares of the bank’s stock valued at $673,000 after purchasing an additional 5,690 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Equity BancShares during the 4th quarter valued at about $282,000. BlackRock Inc. boosted its holdings in shares of Equity BancShares by 4.6% during the 4th quarter. BlackRock Inc. now owns 801,575 shares of the bank’s stock valued at $28,256,000 after purchasing an additional 35,604 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Equity BancShares by 15.3% during the 4th quarter. Bank of New York Mellon Corp now owns 65,647 shares of the bank’s stock valued at $2,314,000 after purchasing an additional 8,710 shares during the last quarter. Institutional investors own 66.13% of the company’s stock.

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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