Equity Bancshares (EQBK) to Release Earnings on Tuesday

Equity Bancshares (NASDAQ:EQBKGet Rating) will issue its quarterly earnings data after the market closes on Tuesday, April 19th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Equity Bancshares (NASDAQ:EQBKGet Rating) last posted its earnings results on Wednesday, January 26th. The bank reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.28. Equity Bancshares had a return on equity of 12.44% and a net margin of 27.59%. The company had revenue of $46.41 million during the quarter, compared to the consensus estimate of $46.39 million. During the same quarter last year, the firm earned $0.90 earnings per share. On average, analysts expect Equity Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of EQBK opened at $30.83 on Friday. Equity Bancshares has a 12 month low of $27.69 and a 12 month high of $36.00. The firm’s 50 day moving average is $31.55 and its 200-day moving average is $32.97. The stock has a market capitalization of $513.63 million, a PE ratio of 8.91 and a beta of 0.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. Equity Bancshares’s dividend payout ratio is presently 9.25%.

In other news, Director Gregory L. Gaeddert sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $32.79, for a total transaction of $65,580.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 2,886 shares of company stock valued at $94,251. 8.10% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in shares of Equity Bancshares by 5.7% in the 4th quarter. Deutsche Bank AG now owns 8,219 shares of the bank’s stock valued at $279,000 after purchasing an additional 444 shares in the last quarter. Geode Capital Management LLC lifted its stake in Equity Bancshares by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 230,446 shares of the bank’s stock valued at $7,819,000 after purchasing an additional 693 shares during the last quarter. Royal Bank of Canada lifted its stake in Equity Bancshares by 16.4% in the 3rd quarter. Royal Bank of Canada now owns 5,849 shares of the bank’s stock valued at $196,000 after purchasing an additional 823 shares during the last quarter. UBS Group AG lifted its stake in Equity Bancshares by 663.1% in the 3rd quarter. UBS Group AG now owns 992 shares of the bank’s stock valued at $33,000 after purchasing an additional 862 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Equity Bancshares by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,688 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 912 shares during the last quarter. 56.00% of the stock is owned by hedge funds and other institutional investors.

EQBK has been the topic of several recent research reports. StockNews.com cut shares of Equity Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Zacks Investment Research lowered Equity Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 8th.

About Equity Bancshares (Get Rating)

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.

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Earnings History for Equity Bancshares (NASDAQ:EQBK)

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