Equity Bancshares (EQBK) to Release Earnings on Tuesday

Key Points

• Equity Bancshares is set to release its earnings on October 14th, expecting to announce earnings of $0.98 per share and revenue of $50.08 million.
• The company has increased its quarterly dividend from $0.15 to $0.18 per share, with an annualized yield of 1.8%.
• Recent analyst ratings indicate a Moderate Buy with an average price target of $48.40 for the stock.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) will likely be issuing its results after the market closes on Tuesday, October 14th. Analysts expect the company to announce earnings of $0.98 per share and revenue of $50.08 million for the quarter.

Equity Bancshares Stock Performance

NASDAQ EQBK opened at $40.67 on Tuesday. The firm's fifty day moving average price is $40.16 and its two-hundred day moving average price is $39.64. The stock has a market cap of $781.58 million, a PE ratio of 10.22 and a beta of 0.82. Equity Bancshares has a fifty-two week low of $34.11 and a fifty-two week high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Equity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Equity Bancshares's previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.8%. Equity Bancshares's payout ratio is presently 17.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on EQBK. Keefe, Bruyette & Woods boosted their price objective on shares of Equity Bancshares from $45.00 to $47.00 and gave the stock a "market perform" rating in a research note on Thursday, September 4th. DA Davidson boosted their price objective on shares of Equity Bancshares from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $48.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in shares of Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the bank's stock valued at $28,000 after purchasing an additional 502 shares in the last quarter. State of Wyoming purchased a new position in shares of Equity Bancshares during the 2nd quarter valued at $59,000. Tower Research Capital LLC TRC grew its position in shares of Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank's stock valued at $79,000 after purchasing an additional 1,347 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of Equity Bancshares during the 2nd quarter valued at $331,000. Finally, Voleon Capital Management LP purchased a new position in shares of Equity Bancshares during the 2nd quarter valued at $315,000. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.

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