Equity Bancshares (EQBK) Expected to Announce Earnings on Tuesday

Equity Bancshares (NASDAQ:EQBK) is expected to be releasing its earnings data after the market closes on Tuesday, April 15th. Analysts expect Equity Bancshares to post earnings of $0.83 per share and revenue of $56.63 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Equity Bancshares Stock Performance

NASDAQ EQBK opened at $35.36 on Friday. The stock has a market cap of $619.15 million, a PE ratio of 8.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day moving average of $40.50 and a 200-day moving average of $42.70. Equity Bancshares has a 52-week low of $30.98 and a 52-week high of $50.85.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.70%. Equity Bancshares’s dividend payout ratio (DPR) is presently 15.08%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQBK. Hovde Group upped their target price on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. DA Davidson lowered their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Stephens dropped their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Janney Montgomery Scott began coverage on shares of Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.20.

About Equity Bancshares

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.