Equity Bancshares (NYSE:EQBK) Trading 0.8% Higher – Time to Buy?

Equity Bancshares, Inc. (NYSE:EQBK) were up 0.8% during mid-day trading on Wednesday . The stock traded as high as $46.42 and last traded at $46.02. Approximately 166,170 shares traded hands during mid-day trading, an increase of 72% from the average daily volume of 96,451 shares. The stock had previously closed at $45.64.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EQBK shares. Zacks Research cut shares of Equity Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Bancshares in a report on Monday, December 29th. Finally, Wall Street Zen raised Equity Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Equity Bancshares Stock Performance

The stock has a market cap of $878.06 million, a price-to-earnings ratio of 35.13 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50-day moving average is $46.16 and its 200-day moving average is $43.30.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.