Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 60,427 shares traded hands during trading, an increase of 23% from the previous session's volume of 49,086 shares.The stock last traded at $42.18 and had previously closed at $42.36.
Analyst Upgrades and Downgrades
EQBK has been the subject of several recent analyst reports. Stephens upgraded shares of Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 price objective for the company in a research note on Monday, October 14th. Keefe, Bruyette & Woods lifted their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, DA Davidson boosted their price target on Equity Bancshares from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th.
View Our Latest Analysis on Equity Bancshares
Equity Bancshares Stock Performance
The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average is $45.63 and its 200 day moving average is $40.50. The stock has a market capitalization of $647.07 million, a price-to-earnings ratio of 38.47 and a beta of 0.90.
Equity Bancshares (NASDAQ:EQBK - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 EPS for the quarter, beating the consensus estimate of $0.99 by $0.32. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. The business had revenue of $55.35 million for the quarter, compared to analyst estimates of $55.77 million. On average, analysts predict that Equity Bancshares, Inc. will post 4.27 earnings per share for the current year.
Equity Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, December 31st. Equity Bancshares's payout ratio is 54.55%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC grew its holdings in shares of Equity Bancshares by 13.8% during the third quarter. Foundry Partners LLC now owns 119,525 shares of the bank's stock worth $4,886,000 after buying an additional 14,540 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Equity Bancshares by 175.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank's stock worth $4,590,000 after acquiring an additional 71,547 shares during the period. Wellington Management Group LLP acquired a new position in Equity Bancshares in the 3rd quarter valued at $2,809,000. BNP Paribas Financial Markets raised its holdings in Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock valued at $131,000 after acquiring an additional 232 shares during the last quarter. Finally, Mendon Capital Advisors Corp lifted its stake in shares of Equity Bancshares by 2,539.9% during the 2nd quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank's stock worth $12,320,000 after purchasing an additional 336,742 shares during the period. 71.80% of the stock is currently owned by hedge funds and other institutional investors.
About Equity Bancshares
(
Get Free Report)
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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