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.
Equity Bancshares Trading Up 0.2 %
NASDAQ:EQBK traded up $0.05 on Friday, reaching $31.67. 35,161 shares of the company's stock were exchanged, compared to its average volume of 38,770. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $515.59 million, a price-to-earnings ratio of 9.66 and a beta of 0.74. The business has a fifty day moving average of $30.62 and a 200-day moving average of $31.38. Equity Bancshares has a 52-week low of $28.06 and a 52-week high of $36.00.
Equity Bancshares (NASDAQ:EQBK - Get Rating) last released its earnings results on Tuesday, July 19th. The bank reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.20. Equity Bancshares had a net margin of 25.90% and a return on equity of 13.55%. During the same quarter last year, the business earned $1.09 EPS. As a group, analysts expect that Equity Bancshares will post 3.42 earnings per share for the current year.
Equity Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 30th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Wednesday, June 29th. Equity Bancshares's dividend payout ratio (DPR) is 9.76%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on EQBK shares. DA Davidson lifted their target price on shares of Equity Bancshares to $33.00 in a research note on Friday, July 22nd. Stephens lifted their price target on shares of Equity Bancshares to $34.00 in a research note on Friday, July 22nd. Piper Sandler dropped their price target on shares of Equity Bancshares from $38.00 to $35.00 and set an "overweight" rating on the stock in a research note on Friday, June 17th. Finally, StockNews.com cut shares of Equity Bancshares from a "buy" rating to a "hold" rating in a research note on Thursday.
Insider Activity at Equity Bancshares
In related news, insider Tina Marie Call sold 2,903 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $31.96, for a total value of $92,779.88. Following the completion of the transaction, the insider now directly owns 7,220 shares of the company's stock, valued at $230,751.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Tina Marie Call sold 2,903 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $31.96, for a total value of $92,779.88. Following the completion of the sale, the insider now directly owns 7,220 shares of the company's stock, valued at $230,751.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie A. Huber sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $30.77, for a total value of $292,315.00. Following the sale, the executive vice president now owns 46,978 shares of the company's stock, valued at approximately $1,445,513.06. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.
