Brokerages Set Equity BancShares Inc (EQBK) Target Price at $45.33

Shares of Equity BancShares Inc (NASDAQ:EQBK) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $45.33.

Several research firms have commented on EQBK. ValuEngine downgraded Equity BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, December 5th. Zacks Investment Research downgraded Equity BancShares from a “strong-buy” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub downgraded Equity BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. Finally, Keefe, Bruyette & Woods downgraded Equity BancShares from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $47.00 to $45.00 in a report on Thursday, January 3rd.

In related news, Director Gary C. Allerheiligen purchased 1,000 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were acquired at an average cost of $31.75 per share, for a total transaction of $31,750.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought a total of 1,068 shares of company stock worth $33,972 over the last quarter. Company insiders own 8.30% of the company’s stock.

Several large investors have recently made changes to their positions in EQBK. Legal & General Group Plc grew its stake in Equity BancShares by 25.0% during the 4th quarter. Legal & General Group Plc now owns 2,499 shares of the bank’s stock worth $88,000 after buying an additional 500 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Equity BancShares during the 4th quarter worth $89,000. Metropolitan Life Insurance Co. NY grew its stake in Equity BancShares by 242.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,251 shares of the bank’s stock worth $150,000 after buying an additional 3,008 shares during the last quarter. Citigroup Inc. grew its stake in Equity BancShares by 56.6% during the 4th quarter. Citigroup Inc. now owns 5,460 shares of the bank’s stock worth $192,000 after buying an additional 1,973 shares during the last quarter. Finally, TD Asset Management Inc. purchased a new position in Equity BancShares during the 4th quarter worth $282,000. Institutional investors and hedge funds own 64.55% of the company’s stock.

EQBK traded up $0.24 during trading on Thursday, hitting $28.39. 19,892 shares of the stock were exchanged, compared to its average volume of 73,543. The company has a market capitalization of $446.91 million, a P/E ratio of 10.75, a PEG ratio of 1.01 and a beta of 0.43. Equity BancShares has a 1 year low of $27.65 and a 1 year high of $44.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.91.

Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). The firm had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $39.48 million. Equity BancShares had a return on equity of 9.66% and a net margin of 19.76%. Equities analysts anticipate that Equity BancShares will post 2.79 earnings per share for the current year.

About Equity BancShares

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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