Equity BancShares (EQBK) Raised to Buy at BidaskClub

Equity BancShares (NASDAQ:EQBK) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 target price on shares of Equity BancShares in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.67.

Equity BancShares (NASDAQ:EQBK) traded down $0.35 during trading on Friday, reaching $36.30. The company’s stock had a trading volume of 52,985 shares, compared to its average volume of 47,420. Equity BancShares has a 12 month low of $29.13 and a 12 month high of $36.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $440.67, a P/E ratio of 26.69 and a beta of 1.02.

In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $35.00, for a total value of $350,805.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.90% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Equity BancShares during the 3rd quarter worth $109,000. Brandywine Global Investment Management LLC acquired a new position in shares of Equity BancShares during the 2nd quarter worth $118,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Equity BancShares during the 1st quarter worth $164,000. Wells Fargo & Company MN raised its stake in shares of Equity BancShares by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock worth $177,000 after buying an additional 103 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Equity BancShares by 53.4% during the 2nd quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock worth $195,000 after buying an additional 2,218 shares during the last quarter. 61.82% of the stock is owned by institutional investors and hedge funds.

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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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