The stock of Equity BancShares Inc (NASDAQ:EQBK) reached all time high today, Nov, 14 and still has $58.94 target or 100.00% above today’s $29.47 share price. This indicates more upside for the $249.94M company. This technical setup was reported by Barchart.com. If the $58.94 PT is reached, the company will be worth $249.94 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 3.40% or $0.97 during the last trading session, hitting $29.47. About 23,783 shares traded hands or 27.55% up from the average. Equity BancShares Inc (NASDAQ:EQBK) has risen 35.97% since April 12, 2016 and is uptrending. It has outperformed by 30.99% 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. Stephens initiated Equity BancShares Inc (NASDAQ:EQBK) rating on Monday, December 7. Stephens has “Overweight” rating and $27 price target. Keefe Bruyette & Woods initiated the shares of EQBK in a report on Monday, December 7 with “Market Perform” rating. The stock of Equity BancShares Inc (NASDAQ:EQBK) has “Outperform” rating given on Friday, July 29 by Keefe Bruyette & Woods.
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 recent Equity BancShares Inc (NASDAQ:EQBK) news were published by: Globenewswire.com which released: “Equity Bancshares, Inc. Completes Merger With Community First Bancshares, Inc.” on November 10, 2016. Also Globenewswire.com published the news titled: “Equity Bancshares, Inc. Announces Merger Agreement With Community First …” on July 14, 2016. Reuters.com‘s news article titled: “BRIEF-Equity Bancshares Q3 earnings per share $0.32” with publication date: October 20, 2016 was also an interesting one.
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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