Equity BancShares (EQBK) Cut to “Strong Sell” at BidaskClub

Equity BancShares (NASDAQ:EQBK) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

A number of other brokerages have also recently weighed in on EQBK. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 price objective on shares of Equity BancShares in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Equity BancShares from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.75.

Equity BancShares (NASDAQ EQBK) traded up $0.65 during midday trading on Friday, reaching $35.78. 71,239 shares of the company’s stock were exchanged, compared to its average volume of 49,877. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $513.07, a PE ratio of 21.95 and a beta of 1.02. Equity BancShares has a 1 year low of $29.13 and a 1 year high of $36.99.

In other news, Director Michael R. Downing sold 10,023 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $35.00, for a total value of $350,805.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.90% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Commerce Bank lifted its stake in shares of Equity BancShares by 197.9% in the third quarter. Commerce Bank now owns 207,977 shares of the bank’s stock worth $7,400,000 after buying an additional 138,156 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Equity BancShares by 68.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the bank’s stock worth $567,000 after buying an additional 7,500 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Equity BancShares by 95.4% in the second quarter. TIAA CREF Investment Management LLC now owns 28,409 shares of the bank’s stock worth $870,000 after buying an additional 13,867 shares during the last quarter. John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Equity BancShares in the third quarter worth $1,779,000. Finally, Citadel Advisors LLC raised its stake in Equity BancShares by 144.7% during the 3rd quarter. Citadel Advisors LLC now owns 16,259 shares of the bank’s stock valued at $578,000 after purchasing an additional 9,615 shares during the last quarter. Institutional investors and hedge funds own 51.81% of the company’s stock.

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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.

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