Equity Bancshares (EQBK) to Release Earnings on Tuesday

Equity Bancshares (NASDAQ:EQBK) is set to post its quarterly earnings results after the market closes on Tuesday, October 15th. Analysts expect Equity Bancshares to post earnings of $0.99 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. The business had revenue of $55.43 million during the quarter, compared to analyst estimates of $54.56 million. On average, analysts expect Equity Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Equity Bancshares Trading Up 0.1 %

NASDAQ:EQBK opened at $39.16 on Tuesday. Equity Bancshares has a 12-month low of $22.78 and a 12-month high of $42.64. The firm has a market capitalization of $597.31 million, a P/E ratio of 65.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $39.37 and a 200 day simple moving average of $36.21.

Equity Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, September 30th. This is a positive change from Equity Bancshares’s previous quarterly dividend of $0.12. Equity Bancshares’s payout ratio is 100.00%.

Analyst Ratings Changes

EQBK has been the subject of a number of analyst reports. Stephens boosted their price target on Equity Bancshares from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler boosted their price target on Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Finally, Keefe, Bruyette & Woods boosted their price target on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.00.

Insider Transactions at Equity Bancshares

In other news, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the sale, the chief executive officer now owns 151,616 shares of the company’s stock, valued at approximately $6,161,674.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Leon Borck acquired 1,467 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $38.77 per share, with a total value of $56,875.59. Following the purchase, the director now owns 11,941 shares of the company’s stock, valued at approximately $462,952.57. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the sale, the chief executive officer now directly owns 151,616 shares in the company, valued at $6,161,674.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,101 shares of company stock valued at $1,351,925. Corporate insiders own 8.00% of the company’s stock.

Equity Bancshares Company Profile

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, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.