Equity Bancshares, Inc. (NASDAQ:EQBK) Expected to Post Q2 2024 Earnings of $0.92 Per Share

Equity Bancshares, Inc. (NASDAQ:EQBK) – Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for Equity Bancshares in a note issued to investors on Thursday, April 18th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.92 for the quarter. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.78 per share. DA Davidson also issued estimates for Equity Bancshares’ FY2024 earnings at $3.65 EPS and FY2025 earnings at $4.15 EPS.

Equity Bancshares Trading Up 4.2 %

Shares of EQBK stock opened at $32.43 on Friday. The company has a market cap of $500.65 million, a PE ratio of 54.05 and a beta of 0.89. Equity Bancshares has a 1 year low of $20.50 and a 1 year high of $34.99. The stock’s 50 day simple moving average is $32.50 and its two-hundred day simple moving average is $30.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.87 and a quick ratio of 0.87.

Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12. The firm had revenue of ($3.95) million during the quarter, compared to the consensus estimate of $47.67 million. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.27%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EQBK. Metropolitan Life Insurance Co NY grew its stake in Equity Bancshares by 40.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,113 shares of the bank’s stock worth $36,000 after acquiring an additional 320 shares in the last quarter. FMR LLC grew its stake in Equity Bancshares by 406.0% in the first quarter. FMR LLC now owns 1,189 shares of the bank’s stock worth $29,000 after purchasing an additional 954 shares in the last quarter. Rocky Mountain Advisers LLC purchased a new position in Equity Bancshares during the 4th quarter worth $69,000. Tower Research Capital LLC TRC raised its position in Equity Bancshares by 153.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,162 shares of the bank’s stock valued at $64,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Equity Bancshares by 530.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,756 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,319 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Insider Activity at Equity Bancshares

In other Equity Bancshares news, EVP Julie A. Huber sold 1,050 shares of Equity Bancshares stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.14, for a total transaction of $33,747.00. Following the completion of the transaction, the executive vice president now directly owns 56,918 shares of the company’s stock, valued at $1,829,344.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Brad S. Elliott sold 6,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $31.57, for a total transaction of $198,575.30. Following the completion of the sale, the chief executive officer now directly owns 152,088 shares of the company’s stock, valued at approximately $4,801,418.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie A. Huber sold 1,050 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.14, for a total value of $33,747.00. Following the completion of the transaction, the executive vice president now directly owns 56,918 shares in the company, valued at approximately $1,829,344.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,478 shares of company stock worth $268,894. Company insiders own 8.00% of the company’s stock.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a yield of 1.48%. Equity Bancshares’s payout ratio is presently 80.00%.

About Equity Bancshares

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.