Equity Bancshares, Inc. Q2 2022 earnings guidance issued by DA Davidson (NASDAQ:EQBK)

Equity Bancshares, Inc. (NASDAQ:EQBK – Get Rating) – The equity researchers at DA Davidson have raised their EPS estimates for the second quarter of 2022 for shares of Equity Bancshares in a report published on Monday, June 20. DA Davidson analyst J. Rulis now expects the bank to earn $0.74 per share for the quarter, up from its previous estimate of $0.69. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.23 per share. DA Davidson also released estimates for Equity Bancshares’ fiscal 2023 earnings of $3.25 per share. Equity Bancshares (NASDAQ:EQBK – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The bank reported earnings per share (EPS) of $0.93 for the quarter, beating the consensus estimate of $0.63 by $0.30. Equity Bancshares had a net margin of 26.61% and a return on equity of 14.14%. In the same quarter last year, the company earned $0.65 per share.

A number of other research analysts also recently covered the stock. Piper Sandler lowered her target price on shares of Equity Bancshares from $38.00 to $35.00 and put the company on overweight in a report on Friday. StockNews.com downgraded shares of Equity Bancshares from a “buy” rating to a “hold” rating in a report on Friday, May 20.

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NASDAQ:EQBK opened at $30.85 on Tuesday. Equity Bancshares has a 12-month low of $28.01 and a 12-month high of $36.00. The company has a market cap of $502.24 million, a P/E of 9.15 and a beta of 0.70. The company’s 50-day moving average price is $31.55 and its 200-day moving average price is $32.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt to equity ratio of 0.32.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record received a dividend of $0.08 on Thursday, March 31st. The ex-dividend date was Wednesday March 30th. That equates to an annualized dividend of $0.32 and a yield of 1.04%. Equity Bancshares Dividend Payout Ratio (DPR) is 9.50%.

In other news from Equity Bancshares, insider Tina Marie Call sold 2,903 shares of the company’s shares in one transaction on Wednesday, May 25. The shares sold at an average price of $31.96 for a total value of $92,779.88. Following the transaction, the insider now directly owns 7,220 shares of the company’s stock valued at approximately $230,751.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the shares are owned by company insiders.

Several major investors have recently bought and sold shares in EQBK. UBS Group AG increased its position in Equity Bancshares shares by 663.1% in the third quarter. UBS Group AG now owns 992 shares of the bank, valued at $33,000, after buying another 862 shares last quarter. Citigroup Inc. increased its stake in Equity Bancshares by 130.8% in the third quarter. Citigroup Inc. now owns 1,482 shares of the bank, valued at $49,000, after buying another 840 shares last quarter. IMA Wealth Inc. acquired a new position in Equity Bancshares valued at approximately $109,000 during the fourth quarter. BNP Paribas Arbitrage SA increased its stake in Equity Bancshares by 108.6% in the third quarter. BNP Paribas Arbitrage SA now owns 3,475 shares of the bank, valued at $116,000, after buying another 1,809 shares last quarter. Finally, the Royal Bank of Canada increased its holdings of Equity Bancshares shares by 16.4% in the third quarter. The Royal Bank of Canada now owns 5,849 shares of the bank, valued at $196,000, having purchased an additional 823 shares during this period. 59.08% of the shares are currently owned by institutional investors and hedge funds.

About Equity Bank Shares (received rating)

Equity Bancshares, Inc functions as the bank holding company of Equity Bank, which provides a range of banking, mortgage banking and financial services to individual and corporate clients. The company accepts a variety of sight, savings, money market and term deposits. Loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, credit base, real estate construction, real estate developer, agricultural, government-guaranteed and other loan products to national and regional businesses, restaurant Franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusinesses and other businesses.

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