Equity Bancshares, Inc. (NASDAQ:EQBK – Get Rating) – Equities researchers at DA Davidson issued their Q4 2022 earnings per share (EPS) estimates for Equity Bancshares in a note issued to investors on Thursday, October 20th. DA Davidson analyst J. Rulis anticipates that the bank will earn $0.90 per share for the quarter. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.48 per share.
Equity Bancshares (NASDAQ:EQBK – Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The bank reported $0.91 EPS for the quarter, topping the consensus estimate of $0.74 by $0.17. The firm had revenue of $49.20 million during the quarter, compared to the consensus estimate of $47.21 million. Equity Bancshares had a return on equity of 13.69% and a net margin of 26.62%. During the same period in the prior year, the business posted $1.09 earnings per share.
Other analysts also recently issued reports about the company. StockNews.com started coverage on Equity Bancshares in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Stephens increased their price target on Equity Bancshares to $37.00 in a research report on Tuesday, August 23rd.
Equity Bancshares Stock Performance
Shares of EQBK opened at $33.37 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $536.92 million, a price-to-earnings ratio of 9.79 and a beta of 0.72. The stock has a 50 day moving average of $31.38 and a 200 day moving average of $31.14. Equity Bancshares has a 12 month low of $28.06 and a 12 month high of $36.00.
Equity Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.10 dividend. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 29th. Equity Bancshares’s dividend payout ratio (DPR) is currently 11.73%.
Insiders Place Their Bets
In other Equity Bancshares news, COO Gregory H. Kossover sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $33.53, for a total value of $167,650.00. Following the completion of the sale, the chief operating officer now directly owns 66,449 shares of the company’s stock, valued at $2,228,034.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Julie A. Huber sold 9,500 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $30.77, for a total value of $292,315.00. Following the completion of the transaction, the executive vice president now directly owns 46,978 shares of the company’s stock, valued at $1,445,513.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregory H. Kossover sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $33.53, for a total value of $167,650.00. Following the completion of the transaction, the chief operating officer now directly owns 66,449 shares of the company’s stock, valued at $2,228,034.97. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.
Hedge Funds Weigh In On Equity Bancshares
A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Equity Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 9,747 shares of the bank’s stock valued at $315,000 after buying an additional 352 shares during the period. American International Group Inc. boosted its stake in Equity Bancshares by 7.1% during the second quarter. American International Group Inc. now owns 7,191 shares of the bank’s stock valued at $210,000 after buying an additional 478 shares during the period. First Trust Advisors LP boosted its stake in Equity Bancshares by 9.8% during the first quarter. First Trust Advisors LP now owns 8,584 shares of the bank’s stock valued at $277,000 after buying an additional 764 shares during the period. Amalgamated Bank bought a new stake in Equity Bancshares during the first quarter valued at $53,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Equity Bancshares by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 461,579 shares of the bank’s stock valued at $14,914,000 after buying an additional 1,746 shares during the period. 62.29% of the stock is owned by institutional investors.
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.
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