Equity BancShares (NASDAQ:EQBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Equity Bancshares, Inc. operates as a bank holding company primarily in Kansas and Missouri. The company provides financial services primarily to businesses, business owners and individuals. It offers certificates of deposits, individual retirement and money market accounts, home equity lines of credit, credit cards, mortgages, treasury management, personal and business loans, investment services. Equity Bancshares, Inc. is headquartered in Wichita, Kansas. “

EQBK has been the topic of a number of other reports. Sandler O’Neill reiterated a “buy” rating and set a $45.00 target price on shares of Equity BancShares in a research report on Friday, April 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 target price on shares of Equity BancShares in a research report on Friday, April 20th. BidaskClub downgraded Equity BancShares from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. Finally, TheStreet upgraded Equity BancShares from a “c” rating to a “b” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.25.

Equity BancShares opened at $39.81 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Equity BancShares has a 1-year low of $29.57 and a 1-year high of $40.99. The company has a market capitalization of $586.39 million, a P/E ratio of 20.11 and a beta of 0.60.

Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings results on Thursday, April 19th. The bank reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.03). Equity BancShares had a net margin of 18.85% and a return on equity of 8.69%. The business had revenue of $10.59 million during the quarter. equities analysts anticipate that Equity BancShares will post 2.72 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of EQBK. MetLife Investment Advisors LLC purchased a new stake in Equity BancShares during the fourth quarter worth $191,000. Brandywine Global Investment Management LLC boosted its position in Equity BancShares by 48.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 5,604 shares of the bank’s stock worth $199,000 after purchasing an additional 1,827 shares in the last quarter. Jane Street Group LLC purchased a new stake in Equity BancShares during the first quarter worth $230,000. Virtu Financial LLC purchased a new stake in Equity BancShares during the fourth quarter worth $292,000. Finally, Wells Fargo & Company MN boosted its position in Equity BancShares by 81.0% during the third quarter. Wells Fargo & Company MN now owns 10,450 shares of the bank’s stock worth $372,000 after purchasing an additional 4,675 shares in the last quarter. Institutional investors own 63.02% of the company’s stock.

Equity BancShares Company Profile

Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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