Shares of Equity BancShares Inc (NASDAQ:EQBK) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $45.50.
EQBK has been the subject of a number of recent research reports. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet raised shares of One Group Hospitality from a “d” rating to a “b-” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, July 8th.
Shares of NASDAQ:EQBK traded up $0.11 during trading on Friday, reaching $25.89. 68,007 shares of the company’s stock traded hands, compared to its average volume of 105,649. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.84 and a quick ratio of 0.84. Equity BancShares has a 12 month low of $22.75 and a 12 month high of $43.78. The company’s 50 day moving average is $25.97. The stock has a market cap of $405.78 million, a PE ratio of 9.81, a P/E/G ratio of 1.13 and a beta of 0.45.
In other news, COO Craig L. Anderson bought 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $26.31 per share, for a total transaction of $26,310.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harvey R. Sorensen bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $25.66 per share, with a total value of $51,320.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 5,000 shares of company stock valued at $128,010. 8.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EQBK. Legal & General Group Plc boosted its holdings in shares of Equity BancShares by 25.0% in the fourth quarter. Legal & General Group Plc now owns 2,499 shares of the bank’s stock valued at $88,000 after acquiring an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Equity BancShares in the first quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV bought a new position in shares of Equity BancShares in the first quarter valued at approximately $29,000. Citigroup Inc. boosted its holdings in shares of Equity BancShares by 56.6% in the fourth quarter. Citigroup Inc. now owns 5,460 shares of the bank’s stock valued at $192,000 after acquiring an additional 1,973 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in shares of Equity BancShares in the fourth quarter valued at approximately $89,000. Hedge funds and other institutional investors own 66.13% 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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