What is DA Davidson's Estimate for EQBK FY2025 Earnings?

Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Research analysts at DA Davidson boosted their FY2025 earnings per share estimates for shares of Equity Bancshares in a report released on Thursday, October 17th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $4.15 per share for the year, up from their previous forecast of $3.90. DA Davidson currently has a "Neutral" rating and a $45.00 target price on the stock. The consensus estimate for Equity Bancshares' current full-year earnings is $4.01 per share.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods lifted their price target on Equity Bancshares from $38.00 to $41.00 and gave the stock a "market perform" rating in a report on Thursday, July 18th. Stephens raised shares of Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 target price on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Equity Bancshares currently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Equity Bancshares Trading Down 3.2 %

NASDAQ EQBK traded down $1.41 on Monday, reaching $42.41. 35,767 shares of the company were exchanged, compared to its average volume of 47,685. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. The business's fifty day moving average price is $40.13 and its 200 day moving average price is $36.74. The stock has a market capitalization of $646.88 million, a P/E ratio of 73.03 and a beta of 0.89. Equity Bancshares has a fifty-two week low of $22.78 and a fifty-two week high of $45.60.

Hedge Funds Weigh In On Equity Bancshares

Several institutional investors have recently bought and sold shares of EQBK. EntryPoint Capital LLC purchased a new stake in shares of Equity Bancshares during the first quarter worth $42,000. SG Americas Securities LLC increased its holdings in Equity Bancshares by 74.1% during the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank's stock worth $207,000 after purchasing an additional 2,150 shares during the period. BNP Paribas Financial Markets raised its position in Equity Bancshares by 97.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank's stock valued at $247,000 after purchasing an additional 3,541 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Equity Bancshares in the 4th quarter valued at about $322,000. Finally, AQR Capital Management LLC purchased a new position in shares of Equity Bancshares in the 2nd quarter valued at about $322,000. 71.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Leon Borck bought 1,467 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were bought at an average price of $38.77 per share, with a total value of $56,875.59. Following the completion of the transaction, the director now directly owns 11,941 shares of the company's stock, valued at $462,952.57. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Leon Borck bought 1,467 shares of the business's stock in a transaction on Thursday, September 12th. The shares were bought at an average price of $38.77 per share, with a total value of $56,875.59. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory L. Gaeddert sold 6,000 shares of the company's stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $40.99, for a total value of $245,940.00. Following the transaction, the director now owns 17,167 shares in the company, valued at $703,675.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company's stock.

Equity Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Equity Bancshares's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. Equity Bancshares's dividend payout ratio is currently 100.00%.

About Equity Bancshares

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.