Equity Bancshares (NYSE:EQBK) Trading Up 4.2% – Time to Buy?

Equity Bancshares, Inc. (NYSE:EQBK)’s share price were up 4.2% during mid-day trading on Friday . The company traded as high as $40.50 and last traded at $40.40. Approximately 85,673 shares traded hands during trading, an increase of 8% from the average daily volume of 79,277 shares. The stock had previously closed at $38.78.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EQBK shares. Piper Sandler raised shares of Equity Bancshares to a “strong-buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Equity Bancshares in a research report on Wednesday, October 8th. Zacks Research raised shares of Equity Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen downgraded shares of Equity Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Equity Bancshares currently has an average rating of “Strong Buy”.

Equity Bancshares Trading Up 3.4%

The stock has a market cap of $770.72 million, a P/E ratio of 33.42 and a beta of 0.82. The stock has a 50 day moving average price of $40.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Equity Bancshares (NYSE:EQBK) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.22. The company had revenue of $71.36 million for the quarter, compared to analysts’ expectations of $69.35 million. Equity Bancshares had a net margin of 5.01% and a return on equity of 12.13%.

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.