Equity Bancshares (NYSE:EQBK) Downgraded by Wall Street Zen to "Sell"

Key Points

• Equity Bancshares has been downgraded by Wall Street Zen from a "hold" to a "sell" rating as of Saturday, indicating a shift in analysts' outlook on the stock.
• Despite the downgrade from Wall Street Zen, other analysts, including Weiss Ratings and Zacks Research, have given the company higher ratings such as "buy" or "strong-buy."
• Equity Bancshares recently reported an earnings per share (EPS) of $1.21 for the quarter, exceeding expectations and generating revenue of $71.36 million, which was also above estimates.

Equity Bancshares (NYSE:EQBK - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other research firms have also recently commented on EQBK. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Equity Bancshares in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Equity Bancshares from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Finally, Piper Sandler upgraded shares of Equity Bancshares to a "strong-buy" rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

Equity Bancshares Stock Performance

EQBK stock opened at $40.10 on Friday. The stock has a market cap of $770.72 million, a PE ratio of 33.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.92. Equity Bancshares has a one year low of $34.11 and a one year high of $50.85. The stock has a 50 day moving average price of $40.82.

Equity Bancshares (NYSE:EQBK - Get Free Report) last released its earnings results on Tuesday, October 14th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.99 by $0.22. The firm had revenue of $71.36 million during the quarter, compared to analysts' expectations of $69.35 million. Equity Bancshares had a net margin of 5.01% and a return on equity of 12.13%.

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-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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