Equity Bancshares (NYSE:EQBK - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.17, FiscalAI reports. Equity Bancshares had a return on equity of 13.43% and a net margin of 6.15%.The business had revenue of $83.26 million for the quarter, compared to the consensus estimate of $85.24 million.
Equity Bancshares Trading Down 2.8%
Shares of NYSE EQBK opened at $45.19 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.92. Equity Bancshares has a 52-week low of $34.74 and a 52-week high of $50.07. The firm has a 50 day moving average price of $45.17 and a two-hundred day moving average price of $44.23. The stock has a market cap of $948.43 million, a P/E ratio of 35.86 and a beta of 0.84.
Equity Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.18 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Equity Bancshares's dividend payout ratio (DPR) is presently 54.96%.
Analyst Ratings Changes
Several brokerages have recently commented on EQBK. DA Davidson increased their price target on shares of Equity Bancshares from $50.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Equity Bancshares from $47.00 to $49.00 and gave the stock a "market perform" rating in a report on Friday, January 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Equity Bancshares in a report on Friday, March 27th. Piper Sandler boosted their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded Equity Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $52.67.
Check Out Our Latest Research Report on Equity Bancshares
Hedge Funds Weigh In On Equity Bancshares
A number of institutional investors have recently modified their holdings of EQBK. Osaic Holdings Inc. grew its holdings in shares of Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the company's stock worth $28,000 after purchasing an additional 502 shares in the last quarter. Royal Bank of Canada raised its stake in Equity Bancshares by 132.0% in the fourth quarter. Royal Bank of Canada now owns 972 shares of the company's stock valued at $44,000 after purchasing an additional 553 shares in the last quarter. State of Wyoming bought a new stake in Equity Bancshares during the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC grew its stake in Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $79,000 after buying an additional 1,347 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Equity Bancshares by 33.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the company's stock worth $89,000 after buying an additional 547 shares during the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.
Equity Bancshares Company Profile
(
Get Free Report)
Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.
The company's core business activities encompass a full spectrum of commercial and consumer banking services.
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