Equity Bancshares
Market Cap
US$456.4m
Last Updated
2021/06/17 02:31 UTC
Data Sources
Company Financials +
Executive Summary
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. More Details
Rewards
Risk Analysis
No risks detected for EQBK from our risk checks.
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Equity Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EQBK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: EQBK's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.4%
EQBK
-2.3%
US Banks
0.2%
US Market
1 Year Return
94.3%
EQBK
60.5%
US Banks
39.7%
US Market
Return vs Industry: EQBK exceeded the US Banks industry which returned 60.5% over the past year.
Return vs Market: EQBK exceeded the US Market which returned 39.7% over the past year.
Shareholder returns
| EQBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | -2.3% | 0.2% |
| 30 Day | -0.8% | -4.0% | 2.5% |
| 90 Day | 10.3% | 2.2% | 5.9% |
| 1 Year | 94.3%94.3% | 65.2%60.5% | 41.9%39.7% |
| 3 Year | -27.3%-27.3% | 28.9%17.8% | 59.7%49.8% |
| 5 Year | 42.3%42.3% | 112.5%85.6% | 125.6%100.3% |
Long-Term Price Volatility Vs. Market
How volatile is Equity Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Update: Equity Bancshares (NASDAQ:EQBK) Stock Gained 80% In The Last Year1 month ago | Simply Wall St
We Discuss Why Equity Bancshares, Inc.'s (NASDAQ:EQBK) CEO Compensation May Be Closely Reviewed2 months ago | Simply Wall St
Have Equity Bancshares, Inc. (NASDAQ:EQBK) Insiders Been Selling Their Stock?Valuation
Is Equity Bancshares undervalued compared to its fair value and its price relative to the market?
39.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQBK ($31.84) is trading below our estimate of fair value ($52.4)
Significantly Below Fair Value: EQBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQBK is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.
PE vs Market: EQBK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EQBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EQBK's PB Ratio (1.2x) is in line with the US Banks industry average.
Future Growth
How is Equity Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
42.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQBK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: EQBK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EQBK's is expected to become profitable in the next 3 years.
Revenue vs Market: EQBK's revenue (9.1% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: EQBK's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQBK's Return on Equity is forecast to be low in 3 years time (8.9%).
Past Performance
How has Equity Bancshares performed over the past 5 years?
-34.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQBK is currently unprofitable.
Growing Profit Margin: EQBK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EQBK is unprofitable, and losses have increased over the past 5 years at a rate of 34.9% per year.
Accelerating Growth: Unable to compare EQBK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EQBK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (20.7%).
Return on Equity
High ROE: EQBK has a negative Return on Equity (-15.37%), as it is currently unprofitable.
Financial Health
How is Equity Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: EQBK's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: EQBK has a low allowance for bad loans (92%).
Low Risk Liabilities: 96% of EQBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: EQBK has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: EQBK's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: EQBK has a high level of bad loans (2.2%).
Dividend
What is Equity Bancshares's current dividend yield, its reliability and sustainability?
1.51%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EQBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EQBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EQBK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EQBK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EQBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Brad Elliott (54 yo)
18.58yrs
Tenure
US$2,016,870
Compensation
Mr. Brad S. Elliott is the Founder, Chairman and Chief Executive Officer of Equity Bancshares, Inc. and served as its President. He also serves as Chairman and Chief Executive Officer of Equity Bank. Befor...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD2.02M) is about average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Brad's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: EQBK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: EQBK's board of directors are considered experienced (7.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Equity Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Equity Bancshares, Inc.
- Ticker: EQBK
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$456.415m
- Shares outstanding: 14.33m
- Website: https://www.equitybank.com
Number of Employees
Location
- Equity Bancshares, Inc.
- 7701 East Kellogg Drive
- Suite 300
- Wichita
- Kansas
- 67207
- United States
Listings
Biography
Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company ac...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/17 02:31 |
| End of Day Share Price | 2021/06/16 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.