Equity Bancshares, Inc. (NASDAQ:EQBK) Forecasted to Earn Q2 2024 Earnings of $0.92 Per Share

Equity Bancshares, Inc. (NASDAQ:EQBK) – DA Davidson issued their Q2 2024 earnings estimates for Equity Bancshares in a research report issued on Thursday, April 18th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings of $0.92 per share for the quarter. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.78 per share. DA Davidson also issued estimates for Equity Bancshares’ FY2024 earnings at $3.65 EPS and FY2025 earnings at $4.15 EPS.

Equity Bancshares Trading Down 2.3 %

EQBK opened at $31.07 on Friday. The stock has a market capitalization of $479.72 million, a PE ratio of 9.35 and a beta of 0.89. The firm’s fifty day moving average price is $32.50 and its 200 day moving average price is $30.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.87 and a quick ratio of 0.87. Equity Bancshares has a 12-month low of $20.50 and a 12-month high of $34.99.

Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.12. The firm had revenue of ($3.95) million for the quarter, compared to analysts’ expectations of $47.67 million. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.27%.

Institutional Trading of Equity Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Equity Bancshares by 406.0% during the first quarter. FMR LLC now owns 1,189 shares of the bank’s stock worth $29,000 after acquiring an additional 954 shares during the last quarter. Metropolitan Life Insurance Co NY grew its position in shares of Equity Bancshares by 40.4% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,113 shares of the bank’s stock worth $36,000 after acquiring an additional 320 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Equity Bancshares by 153.5% during the third quarter. Tower Research Capital LLC TRC now owns 2,162 shares of the bank’s stock worth $64,000 after acquiring an additional 1,309 shares during the last quarter. Rocky Mountain Advisers LLC bought a new position in shares of Equity Bancshares during the fourth quarter worth about $69,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Equity Bancshares by 530.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,756 shares of the bank’s stock worth $93,000 after acquiring an additional 2,319 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, CEO Brad S. Elliott sold 6,290 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $31.57, for a total transaction of $198,575.30. Following the completion of the sale, the chief executive officer now owns 152,088 shares in the company, valued at $4,801,418.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Equity Bancshares news, CEO Brad S. Elliott sold 6,290 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $31.57, for a total transaction of $198,575.30. Following the completion of the sale, the chief executive officer now owns 152,088 shares in the company, valued at $4,801,418.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Julie A. Huber sold 1,050 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.14, for a total transaction of $33,747.00. Following the sale, the executive vice president now owns 56,918 shares of the company’s stock, valued at approximately $1,829,344.52. The disclosure for this sale can be found here. Insiders sold a total of 8,478 shares of company stock worth $268,894 over the last 90 days. Insiders own 8.00% of the company’s stock.

Equity Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a yield of 1.54%. Equity Bancshares’s payout ratio is 80.00%.

Equity Bancshares Company Profile

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.