Equity BancShares (EQBK) Upgraded at BidaskClub

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

EQBK has been the subject of several other reports. Zacks Investment Research lowered shares of Equity BancShares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $45.00 price target on shares of Equity BancShares in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.75.

Equity BancShares (NASDAQ EQBK) traded down $0.13 during trading hours on Friday, reaching $36.10. 57,799 shares of the company were exchanged, compared to its average volume of 60,519. Equity BancShares has a 52 week low of $29.13 and a 52 week high of $36.99. The stock has a market capitalization of $440.06 and a price-to-earnings ratio of 22.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70.

In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $35.00, for a total transaction of $350,805.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Equity BancShares during the third quarter valued at about $109,000. Brandywine Global Investment Management LLC acquired a new position in shares of Equity BancShares during the second quarter valued at about $118,000. Wells Fargo & Company MN increased its holdings in shares of Equity BancShares by 1.8% during the second quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock valued at $177,000 after acquiring an additional 103 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Equity BancShares by 53.4% during the second quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock valued at $195,000 after acquiring an additional 2,218 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Equity BancShares during the second quarter valued at about $204,000. Hedge funds and other institutional investors own 51.56% 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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