Equity Bancshares, Inc. (NASDAQ:EQBK) receives consensus PT of $39.00 from analysts

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK – Get Your Free Report ) has earned a consensus rating of “Hold” from the four analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.00.

A number of brokerages have recently issued reports on EQBK. Stephens raised their target price on Equity Bancshhares from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods upped their target price on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Finally, Piper Sandler boosted their price target on Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th.

Check out the latest stock analysis on EQBK

Banking stocks trade with shares up 0.9%

Shares of NASDAQ EQBK opened at $39.04 on Tuesday. 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 company has a fifty day simple moving average of $39.50 and a two hundred day simple moving average of $36.04. The firm has a market cap of $595.48 million, a PE ratio of 65.07 and a beta of 0.90. Equity Bancshares has a twelve month low of $22.78 and a twelve month high of $42.64.

Equity Bancshares (NASDAQ:EQBK – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 16th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. The company had revenue of $55.43 million for the quarter, compared to the consensus estimate of $54.56 million. analysts expect that Equity Bancshares will post 4.01 earnings per share for the current fiscal year.

Equity Bancshares Raises Dividends

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 30. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 1.54%. This is a boost from Equity Bancshares’ previous quarterly dividend of $0.12. Equity Bancshares’s dividend payout ratio is currently 100.00%.

Insider Buying and Selling at Equity Bancshares

In other news, Director Leon Borck purchased 1,467 shares of Equity Bancshares stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of $38.77 per share, with a total value of $56,875.59. Following the completion of the purchase, the director now directly owns 11,941 shares of the company’s stock, valued at $462,952.57. The acquisition was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. 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, for a total transaction 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. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Also, CEO Brad S. Elliott sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total value of $98,072.00. Following the completion of the sale, the chief executive officer now owns 151,979 shares of the company’s stock, valued at $6,480,384.56. The disclosure for this sale can be found here. Insiders sold 33,101 shares of company stock worth $1,351,925 in the last quarter. 8.00% of the shares are currently owned by insiders.

Institutional inputs and outputs

Hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new position in Equity Bancshares in the first quarter worth approximately $42,000. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 2,150 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 last quarter. AQR Capital Management LLC acquired a new stake in shares of Equity Bancshares in the second quarter valued at $322,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Equity Bancshares in the fourth quarter valued at $322,000. 71.80% of the shares are currently owned by hedge funds and other institutional investors.

About Equity Bancshares

(Get a free report

Equity Bancshares, Inc operates as the bank holding company for Equity Bank, which provides a wide range of banking, mortgage banking and financial services to individual and corporate clients. The company accepts various applications, savings, money market and term deposits. Its loan products include commercial and industrial real estate, commercial, commercial lines of credit, working capital, term financing, equipment and aircraft, acquisition, expansion and development, loan base, real estate construction, home construction, agricultural, secured by government and other loans. products.

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