Equity BancShares Inc (NASDAQ:EQBK) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 268,700 shares, a drop of 9.5% from the January 15th total of 297,000 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 39,700 shares, the short-interest ratio is currently 6.8 days.
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut Equity BancShares from an “outperform” rating to a “market perform” rating in a report on Friday, January 3rd. Zacks Investment Research cut Equity BancShares from a “hold” rating to a “sell” rating in a research note on Monday, January 13th. ValuEngine upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. BidaskClub raised shares of Equity BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, TheStreet cut shares of Equity BancShares from a “b-” rating to a “c+” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.00.
Shares of NASDAQ EQBK remained flat at $$28.34 during midday trading on Friday. 36,129 shares of the stock were exchanged. Equity BancShares has a 52 week low of $22.75 and a 52 week high of $34.40. The business’s 50 day moving average is $28.58 and its 200-day moving average is $27.80.
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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