Equity Bancshares (NASDAQ:EQBK - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 15th. Analysts expect Equity Bancshares to post earnings of $0.99 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Equity Bancshares (NASDAQ:EQBK - Get Free Report) last announced its 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. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. The firm had revenue of $55.43 million during the quarter, compared to analyst estimates of $54.56 million. On average, analysts expect Equity Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Equity Bancshares Stock Performance
Equity Bancshares stock traded up $0.11 during trading on Tuesday, hitting $38.96. The stock had a trading volume of 16,115 shares, compared to its average volume of 47,843. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.75. The stock has a market cap of $594.26 million, a price-to-earnings ratio of 64.93 and a beta of 0.89. Equity Bancshares has a 1 year low of $22.78 and a 1 year high of $42.64. The stock's 50 day moving average is $39.32 and its two-hundred day moving average is $36.26.
Equity Bancshares Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Equity Bancshares's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, September 30th. Equity Bancshares's payout ratio is presently 100.00%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Piper Sandler upped their target price on shares of Equity Bancshares from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, June 13th. Keefe, Bruyette & Woods lifted their target price on shares of Equity Bancshares from $38.00 to $41.00 and gave the company a "market perform" rating in a research note on Thursday, July 18th. Finally, Stephens boosted their target price on shares of Equity Bancshares from $39.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Equity Bancshares currently has a consensus rating of "Hold" and an average target price of $39.00.
Check Out Our Latest Stock Report on Equity Bancshares
Insider Buying and Selling at Equity Bancshares
In related news, Director Gregory L. Gaeddert sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $40.99, for a total transaction of $245,940.00. Following the transaction, the director now directly owns 17,167 shares in the company, valued at approximately $703,675.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Equity Bancshares news, Director Leon Borck acquired 1,467 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the acquisition, the director now owns 11,941 shares in the company, valued at approximately $462,952.57. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory L. Gaeddert sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $40.99, for a total transaction of $245,940.00. Following the sale, the director now directly owns 17,167 shares in the company, valued at approximately $703,675.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,101 shares of company stock worth $1,351,925 over the last 90 days. 8.00% of the stock is owned by insiders.
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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