FBR & Co Reaffirms “Outperform” Rating for Equity Bancshares, Inc. (EQBK)
Equity Bancshares, Inc. (NASDAQ:EQBK)‘s stock had its “outperform” rating reiterated by equities research analysts at FBR & Co in a research note issued on Tuesday. They presently have a $40.00 price objective on the stock. FBR & Co’s price objective would suggest a potential upside of 22.81% from the company’s current price.
Separately, Stephens cut shares of Equity Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 21st.
Equity Bancshares (NASDAQ:EQBK) traded up 2.09% on Tuesday, reaching $33.25. 12,149 shares of the company’s stock were exchanged. The stock has a market cap of $273.28 million, a price-to-earnings ratio of 23.58 and a beta of 1.26. The firm has a 50 day moving average of $33.44 and a 200-day moving average of $26.65. Equity Bancshares has a one year low of $19.81 and a one year high of $38.03.
Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.06. Equity Bancshares had a net margin of 16.70% and a return on equity of 7.36%. Equities research analysts forecast that Equity Bancshares will post $1.45 EPS for the current fiscal year.
In other news, Director Michael R. Downing sold 8,000 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $29.82, for a total transaction of $238,560.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 29.53% of the company’s stock.
About Equity Bancshares
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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