Equity BancShares Inc (EQBK) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Equity BancShares Inc (NASDAQ:EQBK) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.75.
A number of research firms recently commented on EQBK. BidaskClub cut Equity BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded Equity BancShares from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, January 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $45.00 price objective on shares of Equity BancShares in a report on Friday, December 22nd.
In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $35.00, for a total transaction of $350,805.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.90% of the stock is owned by corporate insiders.
Equity BancShares (NASDAQ:EQBK) opened at $37.00 on Wednesday. Equity BancShares has a twelve month low of $29.13 and a twelve month high of $37.77. The company has a market capitalization of $537.90, a P/E ratio of 22.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83.
Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.55 EPS for the quarter. Equity BancShares had a return on equity of 8.87% and a net margin of 17.48%. The firm had revenue of $28.69 million for the quarter. equities analysts anticipate that Equity BancShares will post 2.69 EPS for the current fiscal year.
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About Equity BancShares
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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