Equity Bancshares Inc (NYSE: EQBK) has reported E.P.S. of $0.91 for its first fiscal quarter (ending March 31) versus $0.78 for the same period a year ago. E.P.S. were $0.61 for the latest four quarters through March 31 versus $3.40 for the same period a year ago.
Recent Price Action
On 4/16/24, Equity Bancshares Inc (NYSE: EQBK) stock declined slightly by -0.7%, closing at $31.84. However, trading volume in this decline was unusually low at 51% of normal. The stock has declined -6.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EQBK is expected to continue to be an important Value Builder.
Equity Bancshares has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Equity Bancshares has a slightly positive Appreciation Score of 66 and a very high Power Rating of 94, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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