Zacks Research Downgrades Equity Bancshares (NYSE:EQBK) to Hold

Equity Bancshares (NYSE:EQBK) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on EQBK. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Bancshares in a report on Monday. Wall Street Zen lowered shares of Equity Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Piper Sandler raised shares of Equity Bancshares to a “strong-buy” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Equity Bancshares Trading Up 0.6%

EQBK stock opened at $47.28 on Monday. The business’s 50 day simple moving average is $42.42. Equity Bancshares has a 1-year low of $34.11 and a 1-year high of $47.91. The firm has a market cap of $902.10 million, a price-to-earnings ratio of 39.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95.

Equity Bancshares (NYSE:EQBK) last announced its earnings results on Wednesday, January 26th. The company reported $0.74 EPS for the quarter. Equity Bancshares had a net margin of 5.01% and a return on equity of 11.67%. The business had revenue of $44.06 million during the quarter.

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-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.