BidaskClub Downgrades Equity BancShares (NASDAQ:EQBK) to Sell

Equity BancShares (NASDAQ:EQBK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, BidAskClub reports.

EQBK has been the subject of a number of other reports. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods downgraded Equity BancShares from an “outperform” rating to a “market perform” rating in a report on Friday, January 3rd. ValuEngine raised Equity BancShares from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, TheStreet raised Equity BancShares from a “c+” rating to a “b-” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Equity BancShares presently has an average rating of “Hold” and a consensus price target of $30.00.

EQBK traded up $0.63 on Wednesday, hitting $28.03. The company had a trading volume of 90,867 shares, compared to its average volume of 39,122. The firm has a market cap of $420.80 million, a P/E ratio of 17.52 and a beta of 0.51. Equity BancShares has a 1 year low of $22.75 and a 1 year high of $35.08. The company’s fifty day moving average price is $29.76 and its 200 day moving average price is $27.58. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94.

Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. Equity BancShares had a net margin of 12.63% and a return on equity of 8.41%. The company had revenue of $38.10 million for the quarter. On average, analysts predict that Equity BancShares will post 2.36 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in Equity BancShares in the second quarter valued at approximately $25,000. Bank of Montreal Can acquired a new stake in shares of Equity BancShares in the second quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Equity BancShares by 72.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,587 shares of the bank’s stock valued at $43,000 after acquiring an additional 669 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Equity BancShares by 608.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,260 shares of the bank’s stock valued at $87,000 after acquiring an additional 2,800 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Equity BancShares by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 4,151 shares of the bank’s stock valued at $111,000 after acquiring an additional 889 shares during the period. 68.75% of the stock is owned by hedge funds and other institutional investors.

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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