Equity Bancshares (NYSE:EQBK) Upgraded at Piper Sandler

Key Points

• Piper Sandler upgraded Equity Bancshares to a "strong-buy" rating, reflecting positive sentiment from multiple analysts.
• The stock has a current price of $40.81, with a market capitalization of $784.37 million and a price-to-earnings ratio of 10.13.
• Equity Bancshares has received a consensus rating of "Strong Buy" from analysts, indicating strong confidence in the company's future performance.

Equity Bancshares (NYSE:EQBK - Get Free Report) was upgraded by equities researchers at Piper Sandler to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on EQBK. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Equity Bancshares in a research report on Wednesday. Zacks Research raised Equity Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Finally, Wall Street Zen raised Equity Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Two 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, the stock currently has a consensus rating of "Strong Buy".

Equity Bancshares Price Performance

Shares of Equity Bancshares stock traded down $0.40 during trading on Wednesday, hitting $40.81. 2,635 shares of the company were exchanged, compared to its average volume of 76,918. 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 fifty day moving average price of $40.44. Equity Bancshares has a 1-year low of $34.11 and a 1-year high of $50.85. The company has a market capitalization of $784.37 million, a price-to-earnings ratio of 10.13 and a beta of 0.82.

About Equity Bancshares

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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