Equity Bancshares Intrinsic Stock Value – EQUITY BANCSHARES Reports Quarterly Earnings with GAAP EPS of $0.77
April 21, 2023
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EQUITY BANCSHARES ($NASDAQ:EQBK), a publicly traded financial holding firm, recently reported their quarterly earnings with a GAAP EPS of $0.77. This figure was in line with analysts’ expectations, however, the $48.2M in revenue fell slightly short of estimates by $1.34M. The company provides services such as asset management, banking, wealth management and other financial services. EQUITY BANCSHARES is known for their long-term strategy of creating value for shareholders and clients alike. With the release of their quarterly earnings report, the company reaffirmed its commitment to long-term growth by maintaining a disciplined focus on their core businesses.
In addition, EQUITY BANCSHARES has taken steps to increase efficiency and reduce costs to better manage their financials. Looking forward, EQUITY BANCSHARES appears to be in a strong position to continue building on their successes. With the current economic environment offering favorable conditions for financial services, EQUITY BANCSHARES is well positioned to capitalize on these opportunities and deliver consistent returns to shareholders. In addition, the company has the resources and expertise to navigate any challenges that may arise.
Price History
In response to these earnings, the stock price opened at $24.5 and closed at $23.6, making for a 2.7% decrease from its last closing price of 24.3. This marked a significant decline from the preceding quarters, in which EQUITY BANCSHARES was able to report consistent growth. Investors responded to this news by selling off the stock, causing the sharply reduced share price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equity Bancshares. More…
| Total Revenues | Net Income | Net Margin |
| – | 54.36 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equity Bancshares. More…
| Operations | Investing | Financing |
| 74.07 | -214.18 | -15.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equity Bancshares. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.16k | 4.73k | – |
Key Ratios Snapshot
Some of the financial key ratios for Equity Bancshares are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Equity Bancshares Intrinsic Stock Value
At GoodWhale, we have been closely monitoring Equiity Bancshares and analyzing their financials. After running our proprietary Valuation Line, we believe the fair value of Equity Bancshares share is around $30.4. At the current market price, Equity Bancshares stock is trading at $23.6, which is significantly undervalued by 22.5%. We believe there is an opportunity to invest in Equity Bancshares now and our analysis indicates that investors may benefit from this opportunity in the long-term. More…
Peers
Its competitors, Third Century Bancorp, Northwest Bancshares Inc, and CapStar Financial Holdings Inc, are all larger banks with more resources. Nevertheless, Equity Bancshares has been able to compete effectively by offering a more personalized touch and being nimble in its response to changes in the market.
– Third Century Bancorp ($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
However, the company’s earnings per share (EPS) of $0.77 was in-line with analyst estimates. Equity Bancshares‘ key performance indicators were mixed, with a revenue miss but an in-line EPS. Investors will want to monitor future performance to get a better picture of the company’s overall performance.
