The stock of Equity BancShares Inc (NASDAQ:EQBK) hit a new 52-week high and has $69.62 target or 146.00% above today’s $28.30 share price. The 5 months bullish chart indicates low risk for the $236.20 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $69.62 price target is reached, the company will be worth $344.85M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 289,288 shares traded hands or 3175.82% up from the average. Equity BancShares Inc (NASDAQ:EQBK) has risen 30.90% since April 11, 2016 and is uptrending. It has outperformed by 24.76% the S&P500.
Analysts await Equity BancShares Inc (NASDAQ:EQBK) to report earnings on December, 28.
Equity BancShares Inc (NASDAQ:EQBK) Ratings Coverage
Out of 2 analysts covering Equity Bancshares (NASDAQ:EQBK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Equity Bancshares has been the topic of 3 analyst reports since December 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Keefe Bruyette & Woods on Monday, December 7 with “Market Perform”. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Friday, July 29. The firm has “Overweight” rating by Stephens given on Monday, December 7.
According to Zacks Investment Research, “Equity Bancshares, Inc. operates as a bank holding company primarily in Kansas and Missouri. The company provides financial services primarily to businesses, business owners and individuals. It offers certificates of deposits, individual retirement and money market accounts, home equity lines of credit, credit cards, mortgages, treasury management, personal and business loans, investment services. Equity Bancshares, Inc. is headquartered in Wichita, Kansas.”
More news for Equity BancShares Inc (NASDAQ:EQBK) were recently published by: Globenewswire.com, which released: “Equity Bancshares, Inc. Announces Merger Agreement With Community First …” on July 14, 2016. Reuters.com‘s article titled: “BRIEF-Equity Bancshares Q3 earnings per share $0.32” and published on October 20, 2016 is yet another important article.
EQBK Company Profile
Equity Bancshares, Inc., incorporated on August 23, 2002, is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri. The Company’s activities involve the delivery of loan and deposit products to its customers. The Firm offers commercial banking products and other services, including lending activities, deposit products, and other services and products. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements and mobile banking solutions. In addition, the Company offers commercial treasury management services, wire transfer, automated clearing house (ACH) services and cash management deposit products.
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