Equity BancShares (EQBK) Cut to “Strong Sell” at BidaskClub
BidaskClub cut shares of Equity BancShares (NASDAQ:EQBK) from a sell rating to a strong sell rating in a research report released on Friday morning.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised Equity BancShares from a hold rating to a buy rating and set a $40.00 price objective for the company in a research report on Friday, January 12th. Keefe, Bruyette & Woods reissued a buy rating and issued a $45.00 price objective on shares of Equity BancShares in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Equity BancShares presently has a consensus rating of Hold and an average target price of $34.75.
Equity BancShares (NASDAQ:EQBK) opened at $36.04 on Friday. Equity BancShares has a 12-month low of $29.13 and a 12-month high of $36.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $522.57, a PE ratio of 22.06 and a beta of 1.02.
A number of institutional investors have recently modified their holdings of EQBK. SG Americas Securities LLC bought a new stake in Equity BancShares in the 3rd quarter valued at about $109,000. Brandywine Global Investment Management LLC bought a new stake in Equity BancShares in the 2nd quarter valued at about $118,000. Wells Fargo & Company MN increased its position in Equity BancShares by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock valued at $177,000 after buying an additional 103 shares in the last quarter. Nationwide Fund Advisors increased its position in Equity BancShares by 53.4% in the 2nd quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock valued at $195,000 after buying an additional 2,218 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Equity BancShares in the 2nd quarter valued at about $204,000. 51.56% of the stock is owned by institutional investors and hedge funds.
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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