Equity BancShares (NASDAQ:EQBK) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 target price on shares of Equity BancShares in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.67.
Shares of Equity BancShares (EQBK) traded down $0.01 during trading on Thursday, hitting $34.04. The stock had a trading volume of 33,844 shares, compared to its average volume of 37,435. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $416.45 and a P/E ratio of 18.92. Equity BancShares has a 12 month low of $29.13 and a 12 month high of $38.03.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Equity BancShares during the third quarter valued at about $109,000. Brandywine Global Investment Management LLC acquired a new position in Equity BancShares in the second quarter worth about $118,000. Metropolitan Life Insurance Co. NY acquired a new position in Equity BancShares in the first quarter worth about $164,000. Wells Fargo & Company MN grew its stake in Equity BancShares by 1.8% in the second quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock worth $177,000 after purchasing an additional 103 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in Equity BancShares by 53.4% in the second quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock worth $195,000 after purchasing an additional 2,218 shares in the last quarter. Institutional investors own 61.82% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Equity BancShares (EQBK) Lowered to “Hold” at BidaskClub” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/09/equity-bancshares-eqbk-lowered-to-hold-at-bidaskclub.html.
About Equity BancShares
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
Receive News & Ratings for Equity BancShares Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity BancShares Inc and related companies with MarketBeat.com's FREE daily email newsletter.