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

Equity Bancshares, Inc. (NASDAQ:EQBK) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of Equity Bancshares in a research note issued to investors on Thursday, April 18th. DA Davidson analyst J. Rulis anticipates that the bank will earn $0.92 per share for the quarter. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.74 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 (NASDAQ:EQBK) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12. The company had revenue of ($3.95) million during 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%.

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock opened at $32.42 on Friday. The firm has a market cap of $500.56 million, a PE ratio of 54.03 and a beta of 0.89. The firm’s 50-day simple moving average is $32.50 and its 200-day simple moving average is $30.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.87 and a current ratio of 0.87. Equity Bancshares has a 1 year low of $20.50 and a 1 year high of $34.99.

Institutional Investors Weigh In On Equity Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in shares of Equity Bancshares by 1.7% in the fourth quarter. Federated Hermes Inc. now owns 18,425 shares of the bank’s stock valued at $625,000 after purchasing an additional 302 shares during the period. Metropolitan Life Insurance Co NY increased its stake in shares of Equity Bancshares by 40.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,113 shares of the bank’s stock valued at $36,000 after purchasing an additional 320 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Equity Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,747 shares of the bank’s stock valued at $315,000 after purchasing an additional 352 shares during the period. UBS Group AG increased its stake in shares of Equity Bancshares by 4.5% in the third quarter. UBS Group AG now owns 10,639 shares of the bank’s stock valued at $256,000 after purchasing an additional 456 shares during the period. Finally, American International Group Inc. increased its stake in shares of Equity Bancshares by 7.1% in the second quarter. American International Group Inc. now owns 7,191 shares of the bank’s stock valued at $210,000 after purchasing an additional 478 shares during the period. Institutional investors and hedge funds own 71.80% of the company’s stock.

Insider Activity

In other news, General Counsel Brett A. Reber sold 959 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $32.14, for a total value of $30,822.26. Following the sale, the general counsel now owns 29,147 shares in the company, valued at approximately $936,784.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Brett A. Reber sold 959 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $32.14, for a total transaction of $30,822.26. Following the sale, the general counsel now owns 29,147 shares in the company, valued at $936,784.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie A. Huber sold 1,050 shares of the stock in a transaction dated Thursday, February 8th. The stock was 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 in the company, valued at approximately $1,829,344.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,478 shares of company stock worth $268,894. 8.00% of the stock is currently owned by corporate insiders.

Equity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. Equity Bancshares’s dividend payout ratio (DPR) is presently 80.00%.

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.