Equity Bancshares (EQBK) Projected to Post Earnings on Tuesday

Equity Bancshares (NASDAQ:EQBK) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, April 15th. Analysts expect Equity Bancshares to post earnings of $0.83 per share and revenue of $56.63 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Equity Bancshares Stock Performance

Shares of EQBK stock opened at $35.41 on Tuesday. The stock’s 50-day moving average price is $41.45 and its 200 day moving average price is $42.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $619.91 million, a PE ratio of 8.90 and a beta of 0.73. Equity Bancshares has a 52-week low of $30.98 and a 52-week high of $50.85.

Equity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, March 31st. Equity Bancshares’s payout ratio is currently 15.08%.

Analysts Set New Price Targets

EQBK has been the subject of several recent research reports. Stephens decreased their price target on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Keefe, Bruyette & Woods lowered their target price on shares of Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Monday. Hovde Group increased their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. DA Davidson lowered their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott assumed coverage on Equity Bancshares in a research note on Thursday, April 3rd. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.20.

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, 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.