Equity Bancshares (NYSE:EQBK) Releases Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Key Points

• Equity Bancshares reported quarterly earnings of $1.21 per share, exceeding expectations by $0.22.
• The company's stock traded up 4.3%, reaching $42.22, with an increased trading volume of 177,693 shares.
• Analyst ratings for EQBK have improved, with multiple firms upgrading the stock to a consensus rating of "Strong Buy".

Equity Bancshares (NYSE:EQBK - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.22, Zacks reports. Equity Bancshares had a net margin of 19.99% and a return on equity of 12.17%.

Equity Bancshares Trading Up 4.3%

NYSE:EQBK traded up $1.76 during trading hours on Tuesday, hitting $42.22. The stock had a trading volume of 177,693 shares, compared to its average volume of 78,126. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 0.92. Equity Bancshares has a 1-year low of $34.11 and a 1-year high of $50.85. The firm has a 50 day simple moving average of $40.52. The company has a market capitalization of $811.47 million, a P/E ratio of 10.48 and a beta of 0.82.

Analyst Ratings Changes

Several research analysts have recently weighed in on EQBK shares. Wall Street Zen upgraded shares of Equity Bancshares from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Equity Bancshares in a report on Wednesday, October 8th. Piper Sandler upgraded shares of Equity Bancshares to a "strong-buy" rating in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Equity Bancshares from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

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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