Equity Bancshares Stock Fair Value – DA Davidson Highlights Equity Bancshares,’s Impressive Q1 2023 Earnings.
February 11, 2023
Trending News ☀️
Equity Bancshares Stock Fair Value – DA Davidson has recently highlighted Equity Bancshares ($NASDAQ:EQBK), Inc.’s impressive Q1 2023 earnings. Equity Bancshares, Inc. is a financial services holding company that operates through its subsidiaries and provides a full range of banking services to corporate, commercial, and retail customers. It offers a variety of products and services, including loans, deposits, and trust services.
This is a positive sign for the company as it indicates that the bank is making good use of its capital and liquidity. The company showed strong growth in its loan portfolio and improved its loan-to-deposit ratio, which is a good sign for the future. Equity Bancshares, Inc. looks to be in a strong position moving forward and is well positioned to continue to generate strong returns for its shareholders in the future.
Stock Price
On Monday, Equity Bancshares, Inc. had an impressive opening to their first quarter of 2023 with their stock price opening at $31.1 and closing at $31.2, down by 0.5% from last closing price of $31.4. Overall, DA Davidson highlighted Equity Bancshares’ impressive first quarter of 2023 and their steady financial performance despite the current market conditions. The company’s strong financial performance is expected to continue over the course of the year, as they continue to expand their operations and increase their customer base. 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 |
| – | 57.69 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equity Bancshares. More…
| Operations | Investing | Financing |
| 102.7 | -315.34 | 191.9 |
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 |
| 4.98k | 4.57k | – |
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 Stock Fair Value
GoodWhale’s insights on EQUITY BANCSHARES reveal the company’s financials to be fairly valued. Our proprietary Valuation Line calculates the intrinsic value of EQUITY BANCSHARES’ share to be around $29.7. Currently, EQUITY BANCSHARES’ stock is trading at $31.2, which is slightly overvalued by 5.0%. The company’s assets are well-structured and its liabilities are manageable. The company is profitable and has a healthy cash flow which is sufficient to cover its operational expenses. Its Return on Assets (ROA) and Return on Equity (ROE) ratios are good and have been improving over the years. The current liquidity position of the company is also satisfactory. EQUITY BANCSHARES’ balance sheet shows that it is well-capitalized with strong equity and liquidity ratios. The company has managed to maintain a low debt-equity ratio over the years. Moreover, its debt-service coverage ratio is also satisfactory. Overall, GoodWhale’s analysis reveals that EQUITY BANCSHARES’ financials are fairly valued and its stock is trading at a fair price that is slightly overvalued by 5.0%. More…
Peers
Its competitors, Third Century Bancorp, Northwest Bancshares Inc, and CapStar Financial Holdings Inc, are all larger banks with more resources. Nevertheless, Equity Bancshares has been able to compete effectively by offering a more personalized touch and being nimble in its response to changes in the market.
– Third Century Bancorp ($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
Equity Bancshares, Inc. had an impressive first quarter of 2023, with strong gains in earnings, total assets, and net income. These strong results demonstrate the company’s financial strength and long-term potential as one of the premier investment options in the banking industry.
Related Posts
Recent Posts
