Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Investment analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Equity Bancshares in a note issued to investors on Thursday, April 18th. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.92 per share for the quarter. The consensus estimate for Equity Bancshares' current full-year earnings is $3.78 per share. DA Davidson also issued estimates for Equity Bancshares' FY2024 earnings at $3.65 EPS and FY2025 earnings at $4.15 EPS.
Equity Bancshares (NASDAQ:EQBK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.65 by $0.12. The firm had revenue of ($3.95) million during the quarter, compared to the consensus estimate of $47.67 million. Equity Bancshares had a return on equity of 12.27% and a net margin of 3.88%.
Equity Bancshares Stock Up 4.2 %
Shares of Equity Bancshares stock traded up $1.30 on Friday, hitting $32.43. The company had a trading volume of 47,462 shares, compared to its average volume of 55,989. The stock has a market capitalization of $500.72 million, a price-to-earnings ratio of 54.05 and a beta of 0.89. Equity Bancshares has a 1 year low of $20.50 and a 1 year high of $34.99. The stock has a 50 day moving average of $32.50 and a 200-day moving average of $30.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.87 and a current ratio of 0.87.
Equity Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Wednesday, March 27th. Equity Bancshares's dividend payout ratio (DPR) is presently 80.00%.
Insider Activity at Equity Bancshares
In related news, CEO Brad S. Elliott sold 6,290 shares of Equity Bancshares stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $31.57, for a total transaction of $198,575.30. Following the sale, the chief executive officer now directly owns 152,088 shares in the company, valued at $4,801,418.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Brad S. Elliott sold 6,290 shares of Equity Bancshares stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $31.57, for a total transaction of $198,575.30. Following the sale, the chief executive officer now directly owns 152,088 shares in the company, valued at $4,801,418.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie A. Huber sold 1,050 shares of Equity Bancshares stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $32.14, for a total value of $33,747.00. Following the sale, the executive vice president now owns 56,918 shares in the company, valued at $1,829,344.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,478 shares of company stock valued at $268,894. 8.00% of the stock is owned by insiders.
Institutional Trading of Equity Bancshares
A number of hedge funds have recently bought and sold shares of EQBK. Denali Advisors LLC raised its stake in shares of Equity Bancshares by 112.5% in the first quarter. Denali Advisors LLC now owns 13,600 shares of the bank's stock valued at $467,000 after buying an additional 7,200 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Equity Bancshares in the fourth quarter valued at $322,000. Mendon Capital Advisors Corp bought a new stake in shares of Equity Bancshares in the fourth quarter valued at $14,694,000. Barclays PLC raised its stake in shares of Equity Bancshares by 125.6% in the fourth quarter. Barclays PLC now owns 31,903 shares of the bank's stock valued at $1,081,000 after buying an additional 17,760 shares during the period. Finally, Voya Investment Management LLC bought a new stake in shares of Equity Bancshares in the fourth quarter valued at $234,000. 71.80% of the stock is currently owned by institutional investors.
Equity Bancshares Company Profile
(
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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, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.
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