Equity Bancshares (NYSE:EQBK) Stock Price Up 5.9% - Should You Buy?

Key Points

• Equity Bancshares' stock rose by 5.9% to $42.64 during Wednesday's trading, significantly increasing its volume to approximately 93,954 shares, up 24% from its average.
• Despite this uptick, Wall Street Zen downgraded the stock from a "hold" to a "sell" rating on August 24th, indicating potential concerns over future performance.
• Equity Bancshares operates as a bank holding company, providing a broad range of banking and financial services to both individual and corporate clients.

Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report)'s stock price rose 5.9% during trading on Wednesday . The stock traded as high as $42.68 and last traded at $42.64. Approximately 93,954 shares changed hands during trading, an increase of 24% from the average daily volume of 75,616 shares. The stock had previously closed at $40.25.

Analysts Set New Price Targets

EQBK has been the subject of several research reports. Zacks Research upgraded shares of Equity Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Wall Street Zen upgraded shares of Equity Bancshares from a "sell" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Equity Bancshares presently has a consensus rating of "Strong Buy".

Equity Bancshares Trading Up 0.9%

The stock has a market cap of $818.58 million, a PE ratio of 10.57 and a beta of 0.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

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.