Equity Bancshares, Inc. (NASDAQ:EQBK) to Post FY2025 Earnings of $3.90 Per Share, DA Davidson Forecasts

Equity Bancshares, Inc. (NASDAQ:EQBK) – DA Davidson reduced their FY2025 earnings per share (EPS) estimates for Equity Bancshares in a report released on Thursday, October 3rd. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $3.90 per share for the year, down from their previous forecast of $3.95. The consensus estimate for Equity Bancshares’ current full-year earnings is $4.01 per share.

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

Equity Bancshares Price Performance

EQBK opened at $39.14 on Friday. The business’s 50-day moving average is $39.41 and its two-hundred day moving average is $36.15. Equity Bancshares has a 1 year low of $22.78 and a 1 year high of $42.64. 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 firm has a market capitalization of $597.00 million, a PE ratio of 65.23 and a beta of 0.89.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.07. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. The firm had revenue of $55.43 million during the quarter, compared to the consensus estimate of $54.56 million.

Institutional Investors Weigh In On Equity Bancshares

A number of large investors have recently bought and sold shares of EQBK. Mendon Capital Advisors Corp boosted its position in Equity Bancshares by 2,539.9% in the second quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock valued at $12,320,000 after buying an additional 336,742 shares during the last quarter. Foundry Partners LLC boosted its position in Equity Bancshares by 890.4% in the second quarter. Foundry Partners LLC now owns 104,985 shares of the bank’s stock valued at $3,695,000 after buying an additional 94,385 shares during the last quarter. Petiole USA ltd purchased a new stake in Equity Bancshares in the fourth quarter valued at approximately $1,945,000. Vanguard Group Inc. boosted its position in Equity Bancshares by 1.5% in the first quarter. Vanguard Group Inc. now owns 754,069 shares of the bank’s stock valued at $25,917,000 after buying an additional 10,868 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Equity Bancshares by 35.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 41,585 shares of the bank’s stock valued at $1,464,000 after buying an additional 10,824 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Insider Transactions at Equity Bancshares

In other news, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.64, for a total transaction of $1,007,912.64. Following the sale, the chief executive officer now owns 151,616 shares in the company, valued at approximately $6,161,674.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.64, for a total transaction of $1,007,912.64. Following the sale, the chief executive officer now owns 151,616 shares in the company, valued at approximately $6,161,674.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory L. Gaeddert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $40.99, for a total value of $245,940.00. Following the sale, the director now owns 17,167 shares in the company, valued at $703,675.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,101 shares of company stock worth $1,351,925. Insiders own 8.00% of the company’s stock.

Equity Bancshares Increases Dividend

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

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.