Equity Bancshares (NYSE:EQBK) Shares Up 5.9% - What's Next?

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) shares shot up 5.9% during trading on Wednesday . The stock traded as high as $42.68 and last traded at $42.64. Approximately 93,954 shares traded hands during trading, an increase of 24% from the average session volume of 75,616 shares. The stock had previously closed at $40.25.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Equity Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, August 24th.

Equity Bancshares Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The stock has a market cap of $820.69 million, a P/E ratio of 10.60 and a beta of 0.83.

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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