Equity BancShares (NASDAQ:EQBK) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Equity BancShares from a “hold” rating to a “sell” rating in a research report on Tuesday, May 5th. Stephens raised their price objective on shares of Equity BancShares from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Investment Research downgraded shares of Equity BancShares from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.00.

EQBK opened at $15.90 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Equity BancShares has a 1-year low of $12.49 and a 1-year high of $31.91. The company has a market capitalization of $241.65 million, a PE ratio of 8.11 and a beta of 0.87. The firm’s 50 day simple moving average is $16.42 and its two-hundred day simple moving average is $21.82.

Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.38). Equity BancShares had a return on equity of 6.98% and a net margin of 15.63%. The business had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.51 million. Equities analysts forecast that Equity BancShares will post 1.32 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in EQBK. Sei Investments Co. raised its position in shares of Equity BancShares by 10.3% during the 4th quarter. Sei Investments Co. now owns 15,000 shares of the bank’s stock valued at $463,000 after purchasing an additional 1,400 shares during the period. Victory Capital Management Inc. grew its stake in Equity BancShares by 1,420.3% during the fourth quarter. Victory Capital Management Inc. now owns 39,650 shares of the bank’s stock valued at $1,224,000 after acquiring an additional 37,042 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Equity BancShares by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 89,187 shares of the bank’s stock valued at $2,754,000 after acquiring an additional 986 shares in the last quarter. Bank of Montreal Can grew its stake in Equity BancShares by 43.6% during the fourth quarter. Bank of Montreal Can now owns 1,872 shares of the bank’s stock valued at $58,000 after acquiring an additional 568 shares in the last quarter. Finally, Barclays PLC grew its stake in Equity BancShares by 35.8% during the fourth quarter. Barclays PLC now owns 28,653 shares of the bank’s stock valued at $885,000 after acquiring an additional 7,557 shares in the last quarter. Hedge funds and other institutional investors own 66.62% of the company’s stock.

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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