Equity Bancshares (NYSE:EQBK) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Equity Bancshares (NYSE:EQBK) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Equity Bancshares in a report on Monday. Wall Street Zen downgraded Equity Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Piper Sandler upgraded Equity Bancshares to a “strong-buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Equity Bancshares Trading Down 0.3%

EQBK opened at $47.04 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $897.52 million, a P/E ratio of 39.20 and a beta of 0.88. The business has a fifty day moving average price of $42.54. Equity Bancshares has a 12-month low of $34.11 and a 12-month high of $47.91.

Equity Bancshares (NYSE:EQBK) last announced its earnings results on Wednesday, January 26th. The company reported $0.74 EPS for the quarter. The firm had revenue of $44.06 million for the quarter. Equity Bancshares had a net margin of 5.01% and a return on equity of 11.67%.

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.