Equity Bancshares, Inc. (NASDAQ:EQBK) Forecasted to Earn FY2025 Earnings of $3.90 Per Share

Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Equities researchers at DA Davidson dropped their FY2025 EPS estimates for shares of Equity Bancshares in a note issued to investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.90 per share for the year, down from their previous forecast of $3.95. The consensus estimate for Equity Bancshares' current full-year earnings is $4.01 per share.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 16th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. The firm had revenue of $55.43 million for the quarter, compared to analysts' expectations of $54.56 million. Equity Bancshares had a net margin of 3.75% and a return on equity of 12.43%.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods increased their target price on Equity Bancshares from $38.00 to $41.00 and gave the stock a "market perform" rating in a report on Thursday, July 18th. Piper Sandler lifted their price objective on shares of Equity Bancshares from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Thursday, June 13th. Finally, Stephens increased their target price on shares of Equity Bancshares from $39.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Equity Bancshares presently has an average rating of "Hold" and an average price target of $39.00.

Equity Bancshares Stock Up 1.6 %

Shares of Equity Bancshares stock traded up $0.61 during trading on Friday, reaching $39.14. The company had a trading volume of 25,789 shares, compared to its average volume of 48,161. The company has a market cap of $597.00 million, a price-to-earnings ratio of 65.07 and a beta of 0.90. Equity Bancshares has a fifty-two week low of $22.78 and a fifty-two week high of $42.64. The firm's fifty day moving average is $39.46 and its 200-day moving average is $36.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 0.84.

Hedge Funds Weigh In On Equity Bancshares

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its stake in Equity Bancshares by 74.1% during the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank's stock valued at $207,000 after purchasing an additional 2,150 shares during the last quarter. Mendon Capital Advisors Corp grew its holdings in shares of Equity Bancshares by 2,539.9% in the 2nd quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank's stock worth $12,320,000 after acquiring an additional 336,742 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Equity Bancshares during the second quarter worth $322,000. ELCO Management Co. LLC lifted its holdings in shares of Equity Bancshares by 3.1% during the second quarter. ELCO Management Co. LLC now owns 13,673 shares of the bank's stock valued at $481,000 after purchasing an additional 415 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Equity Bancshares by 35.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,585 shares of the bank's stock valued at $1,464,000 after purchasing an additional 10,824 shares during the period. Institutional investors own 71.80% of the company's stock.

Insider Buying and Selling at Equity Bancshares

In other news, Director Leon Borck purchased 1,467 shares of the stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the completion of the transaction, the director now owns 11,941 shares of the company's stock, valued at approximately $462,952.57. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Equity Bancshares news, Director Leon Borck bought 1,467 shares of the business's stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $38.77 per share, with a total value of $56,875.59. Following the purchase, the director now directly owns 11,941 shares of the company's stock, valued at approximately $462,952.57. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brad S. Elliott sold 2,300 shares of Equity Bancshares stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total value of $98,072.00. Following the transaction, the chief executive officer now owns 151,979 shares in the company, valued at approximately $6,480,384.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,101 shares of company stock worth $1,351,925. 8.00% of the stock is owned by insiders.

Equity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from Equity Bancshares's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.53%. Equity Bancshares's dividend payout ratio (DPR) is currently 100.00%.

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.