Q4 Earnings Forecast for EQBK Issued By DA Davidson

Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for Equity Bancshares in a report issued on Thursday, October 17th. DA Davidson analyst J. Rulis expects that the bank will post earnings of $0.93 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $45.00 price objective on the stock. The consensus estimate for Equity Bancshares' current full-year earnings is $4.01 per share.

EQBK has been the subject of a number of other reports. Keefe, Bruyette & Woods increased their price target on shares of Equity Bancshares from $38.00 to $41.00 and gave the stock a "market perform" rating in a research note on Thursday, July 18th. Stephens raised Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 target price for the company in a research report on Monday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Equity Bancshares has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Equity Bancshares Trading Up 0.2 %

NASDAQ:EQBK traded up $0.07 during trading hours on Friday, hitting $43.90. The company had a trading volume of 42,675 shares, compared to its average volume of 47,744. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a 50-day moving average price of $39.99 and a 200 day moving average price of $36.62. The company has a market capitalization of $669.61 million, a PE ratio of 72.87 and a beta of 0.89. Equity Bancshares has a 52 week low of $22.78 and a 52 week high of $45.60.

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

Equity Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, September 30th. This is a boost from Equity Bancshares's previous quarterly dividend of $0.12. Equity Bancshares's dividend payout ratio is 100.00%.

Insider Buying and Selling at Equity Bancshares

In related news, Director Leon Borck purchased 1,467 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of $38.77 per share, with a total value of $56,875.59. Following the transaction, the director now directly owns 11,941 shares in the company, valued at $462,952.57. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Equity Bancshares news, CEO Brad S. Elliott sold 24,801 shares of Equity Bancshares stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the transaction, the chief executive officer now directly owns 151,616 shares of the company's stock, valued at approximately $6,161,674.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon Borck bought 1,467 shares of Equity Bancshares stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $38.77 per share, with a total value of $56,875.59. Following the acquisition, the director now owns 11,941 shares in the company, valued at approximately $462,952.57. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 33,101 shares of company stock valued at $1,351,925. Corporate insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Equity Bancshares

Large investors have recently bought and sold shares of the business. EntryPoint Capital LLC bought a new stake in Equity Bancshares in the 1st quarter worth approximately $42,000. SG Americas Securities LLC grew its holdings in shares of Equity Bancshares by 74.1% in the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank's stock worth $207,000 after acquiring an additional 2,150 shares during the period. BNP Paribas Financial Markets lifted its holdings in Equity Bancshares by 97.0% in the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank's stock valued at $247,000 after acquiring an additional 3,541 shares during the period. Quadrature Capital Ltd bought a new position in Equity Bancshares in the fourth quarter valued at about $322,000. Finally, AQR Capital Management LLC bought a new stake in shares of Equity Bancshares during the 2nd quarter valued at about $322,000. 71.80% of the stock is currently owned by institutional investors.

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.