Equity Bancshares (NASDAQ:EQBK - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Monday, July 14th. Analysts expect Equity Bancshares to post earnings of $0.89 per share and revenue of $60.44 million for the quarter.
Equity Bancshares Price Performance
NASDAQ EQBK traded down $0.11 on Monday, hitting $43.22. 178,250 shares of the company's stock were exchanged, compared to its average volume of 60,844. Equity Bancshares has a 52 week low of $32.95 and a 52 week high of $50.85. The stock has a market cap of $757.00 million, a price-to-earnings ratio of 10.86 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $39.89 and a 200-day moving average of $40.51.
Equity Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, June 30th. Equity Bancshares's payout ratio is 15.27%.
Insiders Place Their Bets
In related news, COO Julie A. Huber sold 4,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total value of $156,400.00. Following the completion of the sale, the chief operating officer directly owned 57,688 shares in the company, valued at $2,255,600.80. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is owned by insiders.
Institutional Trading of Equity Bancshares
A number of large investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Equity Bancshares during the 1st quarter worth about $154,000. Empowered Funds LLC grew its holdings in Equity Bancshares by 5.4% during the 1st quarter. Empowered Funds LLC now owns 61,768 shares of the bank's stock worth $2,434,000 after acquiring an additional 3,187 shares during the period. Goldman Sachs Group Inc. grew its holdings in Equity Bancshares by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 90,037 shares of the bank's stock worth $3,547,000 after acquiring an additional 17,196 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Equity Bancshares by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,679 shares of the bank's stock worth $381,000 after acquiring an additional 1,521 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Equity Bancshares by 334.7% during the 1st quarter. AQR Capital Management LLC now owns 48,038 shares of the bank's stock worth $1,893,000 after acquiring an additional 36,987 shares during the period. 71.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on EQBK shares. DA Davidson dropped their price target on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Janney Montgomery Scott started coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a "neutral" rating for the company. Piper Sandler dropped their price target on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their price target on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.60.
Read Our Latest Report on Equity Bancshares
Equity Bancshares Company Profile
(
Get Free Report)
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.
See Also
Before you consider Equity Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Bancshares wasn't on the list.
While Equity Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
