Equity Bancshares (EQBK) Projected to Post Earnings on Wednesday

Equity Bancshares (NASDAQ:EQBK) will likely be releasing its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Equity Bancshares to post earnings of $0.94 per share and revenue of $55,959.60 billion for the quarter.

Equity Bancshares (NASDAQ:EQBK) last issued its quarterly earnings data on Tuesday, October 15th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.32. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. The firm had revenue of $55.35 million during the quarter, compared to the consensus estimate of $55.77 million. On average, analysts expect Equity Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock traded up $0.91 on Wednesday, hitting $42.84. The stock had a trading volume of 38,653 shares, compared to its average volume of 63,561. The stock has a market cap of $655.02 million, a price-to-earnings ratio of 38.95 and a beta of 0.92. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a twelve month low of $30.44 and a twelve month high of $50.85. The business’s 50 day moving average is $45.20 and its two-hundred day moving average is $41.68.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, December 31st. Equity Bancshares’s dividend payout ratio is currently 54.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EQBK shares. Keefe, Bruyette & Woods raised their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens raised shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a report on Monday, October 14th. Finally, DA Davidson lifted their price target on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Equity Bancshares Company Profile

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.