Setting A New 52 Week Low, Equity BancShares Inc (Nasdaq:EQBK) Closing Trading At $24.71

Equity BancShares Inc (Nasdaq:EQBK)

April 23rd, 2019

With markets going up Equity BancShares Inc fell ($4.76) Tuesday, down 16.15%, closing at $24.71. As well as the drop in value, Equity BancShares Inc hit a new 52 week low of $24.52, breaking the previous low of $27.65 from earlier this November. Despite the drop in value, trading volumes were solid at 752.00% of normal which can indicate investor opportunities.

EQBK was outperformed by the rest of the Financials sector which went up 0.58%.

Analysis results from 4 analysts suggest that Equity BancShares Inc could increase significantly (29.79%), while Finbox has calculated (with very high uncertainty) a fair value price of $33.63.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Healthcare saw the biggest increase of the day (1.59%), while Consumer Staples saw the biggest drop (-0.12%). Information Technology has seen the biggest year-to-date gain at 25.74%. The biggest loss this year has been the Healthcare sector dropping -0.69%.

Healthcare saw the biggest turnaround from its 5-day performance of -4.33%, as it went up 1.59%. Consumer Staples saw a turn around from its 5-day performance of 0.92% trading down -0.12%.

Sector Breakdown

  • Healthcare went up with a 1.59% change.
  • Consumer Discretionary went up with a 1.22% change.
  • Information Technology went up with a 1.13% change.
  • Real Estate went up with a 1.12% change.
  • Industrials went up with a 0.89% change.
  • Communication Services went up with a 0.85% change.
  • Financials went up with a 0.58% change.
  • Materials went up with a 0.44% change.
  • Utilities went up with a 0.37% change.
  • Energy went up with a 0.04% change.
  • Consumer Staples went down with a -0.12% change.

Equity BancShares Inc Info

Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses. The company’s loan products also comprise various consumer loans to individuals and professionals, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. It also provides debit cards; online banking solutions, such as access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions comprising remote check deposits with mobile bill pay; ATMs; and treasury management, wire transfer, and automated clearing house and stop payment services. In addition, the company offers cash management deposit products, such as lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts, as well as banking services through telephone, mail, and personal appointments. As of February 11, 2019, it operated 52 full-service local bank locations in Kansas, Missouri, Arkansas, and Oklahoma. The company was founded in 2002 and is headquartered in Wichita, Kansas.

All amounts in USD unless otherwise indicated

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Via UnSplash

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