Equity Bancshares, Inc. (NASDAQ:EQBK) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.00.

A number of equities analysts have recently issued reports on the company. BidaskClub raised Equity Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, October 23rd. Zacks Investment Research raised Equity Bancshares from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, January 4th. TheStreet downgraded Equity Bancshares from a “c” rating to a “d+” rating in a research note on Wednesday, October 21st. Finally, ValuEngine raised Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, November 3rd.

EQBK traded down $0.41 on Wednesday, hitting $23.43. 17,200 shares of the company traded hands, compared to its average volume of 36,126. The company has a 50 day moving average of $21.57 and a 200-day moving average of $17.69. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $348.01 million, a PE ratio of -4.53 and a beta of 0.75. Equity Bancshares has a 12-month low of $12.49 and a 12-month high of $28.95.

Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings data on Tuesday, October 20th. The bank reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The firm had revenue of $38.59 million during the quarter, compared to the consensus estimate of $39.65 million. Equity Bancshares had a positive return on equity of 5.26% and a negative net margin of 42.38%. On average, research analysts anticipate that Equity Bancshares will post 1.24 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC acquired a new stake in shares of Equity Bancshares in the 3rd quarter worth approximately $37,000. BNP Paribas Arbitrage SA grew its holdings in shares of Equity Bancshares by 504.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,450 shares of the bank’s stock worth $53,000 after acquiring an additional 2,879 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Equity Bancshares in the 3rd quarter worth approximately $162,000. Maltese Capital Management LLC acquired a new stake in shares of Equity Bancshares in the 3rd quarter worth approximately $224,000. Finally, Bank of America Corp DE grew its holdings in shares of Equity Bancshares by 28.1% in the 2nd quarter. Bank of America Corp DE now owns 19,215 shares of the bank’s stock worth $335,000 after acquiring an additional 4,211 shares during the period. Institutional investors and hedge funds own 64.78% of the company’s stock.

About Equity Bancshares

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. 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 loans, as well as letters of credit and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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