Equity Bancshares, Inc. (NASDAQ:EQBK) to Post FY2025 Earnings of $3.90 Per Share, DA Davidson Forecasts

Equity Bancshares, Inc. (NASDAQ:EQBK) – Equities research analysts at DA Davidson cut their FY2025 earnings estimates for shares of Equity Bancshares in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $3.90 for the year, down from their prior forecast of $3.95. The consensus estimate for Equity Bancshares’ current full-year earnings is $4.01 per share.

A number of other research analysts have also weighed in on EQBK. Stephens raised their target price on shares of Equity Bancshares from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods raised their target price on shares of Equity Bancshares from $38.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, July 18th. Finally, Piper Sandler raised their target price on shares of Equity Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

Equity Bancshares Trading Up 1.6 %

Shares of EQBK opened at $39.14 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.84. Equity Bancshares has a 1 year low of $22.78 and a 1 year high of $42.64. The company has a 50 day simple moving average of $39.41 and a two-hundred day simple moving average of $36.15. The firm has a market cap of $597.00 million, a P/E ratio of 65.23 and a beta of 0.89.

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

Equity Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Equity Bancshares’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Equity Bancshares’s dividend payout ratio (DPR) is 100.00%.

Insider Buying and Selling

In related news, CEO Brad S. Elliott sold 24,801 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the sale, the chief executive officer now directly owns 151,616 shares in the company, valued at $6,161,674.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Brad S. Elliott sold 2,300 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was 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 directly owns 151,979 shares in the company, valued at $6,480,384.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brad S. Elliott sold 24,801 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the sale, the chief executive officer now owns 151,616 shares of the company’s stock, valued at approximately $6,161,674.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,101 shares of company stock worth $1,351,925 over the last three months. 8.00% of the stock is owned by insiders.

Institutional Trading of Equity Bancshares

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC bought a new stake in shares of Equity Bancshares during the first quarter worth $42,000. SG Americas Securities LLC lifted its position in shares of Equity Bancshares by 74.1% during the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after purchasing an additional 2,150 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Equity Bancshares by 97.0% during the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock worth $247,000 after purchasing an additional 3,541 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Equity Bancshares during the fourth quarter worth $322,000. Finally, AQR Capital Management LLC bought a new stake in shares of Equity Bancshares during the second quarter worth $322,000. 71.80% of the stock is currently owned by institutional investors.

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.