Equity Bancshares - EQBK Stock Forecast, Price & News

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. The company's loan products also comprise various consumer loans to individuals and professionals, including residential real estate loans, home equity loans and lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. It also provides debit cards; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; ATMs; and treasury management, wire transfer, automated clearing house, and stop payment services. In addition, the company offers cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts, as well as banking services through telephone, mail, and personal appointments. As of December 31, 2021, it operated a network of 69 branches in Arkansas, Kansas, Missouri, and Oklahoma. The company was founded in 2002 and is headquartered in Wichita, Kansas.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EQBK shares. Stephens raised their price target on shares of Equity Bancshares to $34.00 in a report on Friday, July 22nd. StockNews.com raised shares of Equity Bancshares from a "hold" rating to a "buy" rating in a report on Friday. DA Davidson lifted their target price on shares of Equity Bancshares to $33.00 in a report on Friday, July 22nd. Finally, Piper Sandler lowered their target price on shares of Equity Bancshares from $38.00 to $35.00 and set an "overweight" rating for the company in a report on Friday, June 17th.

Equity Bancshares Stock Up 1.9 %

EQBK traded up $0.61 during trading on Friday, hitting $33.39. The company had a trading volume of 64,566 shares, compared to its average volume of 47,659. The company has a market capitalization of $537.25 million, a PE ratio of 10.18 and a beta of 0.74. Equity Bancshares has a one year low of $28.06 and a one year high of $36.00. The firm's 50-day moving average price is $30.60 and its 200 day moving average price is $31.33. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.41.

Equity Bancshares (NASDAQ:EQBK - Get Rating) last posted its quarterly earnings data on Tuesday, July 19th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.74 by $0.20. Equity Bancshares had a net margin of 25.90% and a return on equity of 13.77%. During the same period in the previous year, the company posted $1.09 EPS. As a group, equities analysts expect that Equity Bancshares will post 3.42 earnings per share for the current year.

Equity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.32 annualized dividend and a yield of 0.96%. Equity Bancshares's payout ratio is currently 9.76%.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, EVP Julie A. Huber sold 9,500 shares of Equity Bancshares stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $30.77, for a total value of $292,315.00. Following the sale, the executive vice president now directly owns 46,978 shares in the company, valued at approximately $1,445,513.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Julie A. Huber sold 9,500 shares of the business's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $30.77, for a total transaction of $292,315.00. Following the transaction, the executive vice president now directly owns 46,978 shares in the company, valued at approximately $1,445,513.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tina Marie Call sold 2,903 shares of the business's stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $31.96, for a total transaction of $92,779.88. Following the transaction, the insider now owns 7,220 shares in the company, valued at $230,751.20. The disclosure for this sale can be found here. Company insiders own 8.10% of the company's stock.