Equity Bancshares (EQBK) Set to Announce Quarterly Earnings on Tuesday

Equity Bancshares (NASDAQ:EQBK) will issue its quarterly earnings data after the market closes on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.07. Equity Bancshares had a net margin of 3.75% and a return on equity of 12.43%. The firm had revenue of $55.43 million during the quarter, compared to analysts’ expectations of $54.56 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 Up 4.1 %

Shares of EQBK stock opened at $41.43 on Friday. Equity Bancshares has a 12 month low of $22.78 and a 12 month high of $42.64. The stock has a market cap of $631.93 million, a P/E ratio of 69.05 and a beta of 0.89. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. The company has a 50 day simple moving average of $39.41 and a two-hundred day simple moving average of $36.38.

Equity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.15 per share. This is a positive change from Equity Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. Equity Bancshares’s dividend payout ratio is currently 100.00%.

Insider Activity

In related news, CEO Brad S. Elliott sold 2,300 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total value of $98,072.00. Following the completion of the transaction, the chief executive officer now directly owns 151,979 shares in the company, valued at $6,480,384.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Brad S. Elliott sold 2,300 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total value of $98,072.00. Following the completion of the sale, the chief executive officer now owns 151,979 shares of the company’s stock, valued at approximately $6,480,384.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leon Borck bought 1,467 shares of the stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $38.77 per share, with a total value of $56,875.59. Following the purchase, the director now owns 11,941 shares of the company’s stock, valued at $462,952.57. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 33,101 shares of company stock valued at $1,351,925 in the last three months. 8.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EQBK has been the subject of several analyst reports. Stephens raised their target price on shares of Equity Bancshares from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods raised their price target on shares of Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.00.

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.