EQUITY BANCSHARES’ FY2022 EPS Estimates Raised by DA Davidson

Trending News 🌥️

Equity Bancshares Stock Fair Value – EQUITY BANCSHARES ($NASDAQ:EQBK), Inc. is a bank holding company headquartered in Wichita, Kansas, United States. The Company operates through its wholly-owned subsidiary, Equity Bank, which offers a full line of banking services from its locations in Kansas and Missouri. DA Davidson’s analysts have raised their EPS estimates for EQUITY BANCSHARES for fiscal year 2022.

This is based on the company’s strong performance in the first quarter of fiscal year 2021. The analysts believe that the company’s earnings will continue to grow at a healthy pace, driven by loan and deposit growth, as well as continued efficiency gains.

Price History

On Monday, shares of EQUITY BANCSHARES opened at $33.80 and closed at $34.40, up 2.0% from Friday’s closing price of $33.70. This new estimate is based on the company’s strong performance in recent quarters and its positive outlook for the rest of the year. EQUITY BANCSHARES has been one of the best-performing bank stocks in recent years, and this latest move by DA Davidson is just another sign that the company is on track to continue its strong performance in the future.

VI Analysis – Equity Bancshares Stock Fair Value

Equity Bancshares, Inc. is the holding company for Equity Bank that operates branches in Kansas and Missouri. The company’s common stock is traded on the Nasdaq Global Select Market under the symbol “EQBK.” The company’s fundamentals reflect its long term potential.

The fair value of Equity Bancshares share is around $29.2, calculated by VI Line. Now Equity Bancshares stock is traded at $34.4, a fair price overvalued by 18%.

VI Peers

Its competitors, Third Century Bancorp, Northwest Bancshares Inc, and CapStar Financial Holdings Inc, are all larger banks with more resources. Nevertheless, Equity Bancshares has been able to compete effectively by offering a more personalized touch and being nimble in its response to changes in the market.

– Third Century Bancorp ($OTCPK:TDCB)

Three hundred Bancorp is a bank holding company that operates through its subsidiaries. Three hundred Bancorp’s subsidiaries include Three hundred Bank, which is a full-service commercial bank that provides a range of banking and lending services to businesses and individuals in the United States. The company also operates through its subsidiaries Three hundred Wealth Management, which provides wealth management and brokerage services, and Three hundred Insurance, which offers insurance products and services.

– Northwest Bancshares Inc ($NASDAQ:NWBI)

Northwest Bancshares Inc is a bank holding company. The Company, through its subsidiaries, offers a range of banking and lending services to individual, corporate and municipal customers. It operates through three segments: Banking, Mortgage Banking and Other. The Banking segment offers a range of deposit products, such as checking accounts, savings accounts, money market accounts and certificates of deposit; and loan products, including first mortgage loans, home equity lines of credit, commercial real estate loans and other consumer loans. The Mortgage Banking segment provides mortgage banking services, such as loan origination, loan servicing and loan sales. The Other segment includes the Company’s insurance agency business and other non-banking operations. The Company operates a branch network of over 190 full-service branches in Pennsylvania, Ohio, Maryland and New York.

– CapStar Financial Holdings Inc ($NASDAQ:CSTR)

Star Financial Holdings Inc is a bank holding company headquartered in Indiana. The company operates through its banking subsidiary, Star Bank, which provides a range of banking services to individuals and businesses in Indiana and Ohio. As of December 31, 2020, Star Financial Holdings Inc had assets of $2.8 billion and deposits of $2.2 billion.

Summary

Investing in EQUITY BANCSHARES could be a good way to play the rising interest rate environment. The company is a regional bank with a strong presence in the Midwest. It has a good reputation for being a well-run bank, and its stock has performed well over the past year.