Equity Bancshares (NYSE:EQBK) Trading Up 4.2% - Still a Buy?

Key Points

• Equity Bancshares' share price increased by 4.2% on Friday, trading at $40.40 with a volume of 85,673 shares, an increase from the average daily volume.
• Several analysts have upgraded their ratings on Equity Bancshares, with Zacks Research and Piper Sandler giving it a "strong-buy" rating, leading to a consensus rating of "Strong Buy."
• The company reported quarterly earnings of $1.21 EPS, exceeding estimates, with a revenue of $71.36 million, surpassing the consensus estimate as well.

Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report)'s share price were up 4.2% during trading on Friday . The stock traded as high as $40.50 and last traded at $40.40. Approximately 85,673 shares were traded during trading, an increase of 8% from the average daily volume of 79,277 shares. The stock had previously closed at $38.78.

Analysts Set New Price Targets

Several equities research analysts recently commented on EQBK shares. Zacks Research upgraded Equity Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Wall Street Zen upgraded Equity Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Equity Bancshares in a research report on Wednesday, October 8th. Finally, Piper Sandler upgraded Equity Bancshares to a "strong-buy" rating in a research 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 data from MarketBeat, Equity Bancshares presently has a consensus rating of "Strong Buy".

Equity Bancshares Stock Performance

The business has a 50 day moving average of $40.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $773.41 million, a price-to-earnings ratio of 33.53 and a beta of 0.82.

Equity Bancshares (NYSE:EQBK - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $69.35 million. Equity Bancshares had a return on equity of 12.13% and a net margin of 5.01%.

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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