Brokers Offer Predictions for Equity Bancshares, Inc.'s Q2 2024 Earnings (NASDAQ:EQBK)

Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Equities researchers at DA Davidson upped their Q2 2024 earnings per share estimates for shares of Equity Bancshares in a research report issued on Monday, June 17th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $0.94 per share for the quarter, up from their prior estimate of $0.92. The consensus estimate for Equity Bancshares' current full-year earnings is $3.77 per share. DA Davidson also issued estimates for Equity Bancshares' FY2025 earnings at $4.05 EPS.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last announced its earnings results on Tuesday, April 16th. The bank reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.18. Equity Bancshares had a return on equity of 12.08% and a net margin of 3.88%. The company had revenue of $55.91 million during the quarter, compared to analysts' expectations of $52.00 million.

Separately, Piper Sandler raised their target price on Equity Bancshares from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.33.

Equity Bancshares Trading Up 0.2 %

Equity Bancshares stock traded up $0.06 during midday trading on Tuesday, reaching $33.21. 31,357 shares of the stock traded hands, compared to its average volume of 48,619. The company has a 50-day simple moving average of $33.45 and a two-hundred day simple moving average of $33.03. Equity Bancshares has a 12-month low of $21.79 and a 12-month high of $34.99. The firm has a market cap of $506.45 million, a PE ratio of 55.35 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69.

Institutional Investors Weigh In On Equity Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its position in Equity Bancshares by 1.7% during the fourth quarter. Federated Hermes Inc. now owns 18,425 shares of the bank's stock worth $625,000 after buying an additional 302 shares during the period. EntryPoint Capital LLC acquired a new position in Equity Bancshares during the first quarter worth approximately $42,000. Denali Advisors LLC increased its position in Equity Bancshares by 25.5% during the fourth quarter. Denali Advisors LLC now owns 6,400 shares of the bank's stock worth $217,000 after buying an additional 1,300 shares during the period. Rocky Mountain Advisers LLC acquired a new position in Equity Bancshares during the fourth quarter worth approximately $69,000. Finally, SG Americas Securities LLC increased its position in Equity Bancshares by 31.7% during the fourth quarter. SG Americas Securities LLC now owns 8,978 shares of the bank's stock worth $304,000 after buying an additional 2,162 shares during the period. Institutional investors and hedge funds own 71.80% of the company's stock.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, Director Junetta M. Everett bought 2,903 shares of the business's stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $34.50 per share, with a total value of $100,153.50. Following the transaction, the director now owns 9,813 shares of the company's stock, valued at $338,548.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 8.00% of the stock is owned by corporate insiders.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 28th. Equity Bancshares's dividend payout ratio is currently 80.00%.

Equity Bancshares Company Profile

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.