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EQBK

Equity Bancshares NasdaqGS:EQBK Stock Report

Last Price

US$30.05

Market Cap

US$489.1m

7D

-2.6%

1Y

-4.0%

Updated

27 Jun, 2022

Data

Company Financials +
EQBK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends2/6

EQBK Stock Overview

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.

Equity Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Equity Bancshares
Historical stock prices
Current Share PriceUS$30.05
52 Week HighUS$36.00
52 Week LowUS$28.01
Beta0.70
1 Month Change-7.08%
3 Month Change-9.08%
1 Year Change-3.99%
3 Year Change10.32%
5 Year Change-5.83%
Change since IPO25.79%

Recent News & Updates

Shareholder Returns

EQBKUS BanksUS Market
7D-2.6%3.2%6.3%
1Y-4.0%-17.3%-18.8%

Return vs Industry: EQBK exceeded the US Banks industry which returned -17.7% over the past year.

Return vs Market: EQBK exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is EQBK's price volatile compared to industry and market?
EQBK volatility
EQBK Average Weekly Movement4.6%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: EQBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: EQBK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002702Brad Elliotthttps://www.equitybank.com

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 accepts various 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, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

Equity Bancshares Fundamentals Summary

How do Equity Bancshares's earnings and revenue compare to its market cap?
EQBK fundamental statistics
Market CapUS$489.11m
Earnings (TTM)US$53.06m
Revenue (TTM)US$187.79m

9.2x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EQBK income statement (TTM)
RevenueUS$187.79m
Cost of RevenueUS$0
Gross ProfitUS$187.79m
Other ExpensesUS$134.73m
EarningsUS$53.06m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.26
Gross Margin100.00%
Net Profit Margin28.25%
Debt/Equity Ratio43.3%

How did EQBK perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

7%

Payout Ratio

Does EQBK pay a reliable dividends?

See EQBK dividend history and benchmarks
When do you need to buy EQBK by to receive an upcoming dividend?
Equity Bancshares dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 14 2022
Days until Ex dividend0 days
Days until Dividend pay date15 days

Does EQBK pay a reliable dividends?

See EQBK dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is EQBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EQBK?

Other financial metrics that can be useful for relative valuation.

EQBK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio4.4x

Price to Earnings Ratio vs Peers

How does EQBK's PE Ratio compare to its peers?

EQBK PE Ratio vs Peers
The above table shows the PE ratio for EQBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.6x
FMNB Farmers National Banc
9.6x28.7%US$511.8m
CCBG Capital City Bank Group
14.6x16.1%US$473.7m
MOFG MidWestOne Financial Group
7.6x1.2%US$467.9m
FCBC First Community Bankshares
10.5x-3.3%US$485.8m
EQBK Equity Bancshares
9.2x2.1%US$489.1m

Price-To-Earnings vs Peers: EQBK is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

How does EQBK's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: EQBK is good value based on its Price-To-Earnings Ratio (9.2x) compared to the US Banks industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is EQBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EQBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: EQBK is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).


Share Price vs Fair Value

What is the Fair Price of EQBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EQBK ($30.05) is trading below our estimate of fair value ($80.45)

Significantly Below Fair Value: EQBK is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: EQBK is poor value based on its PEG Ratio (4.4x)


Discover undervalued companies

Future Growth

How is Equity Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQBK's forecast earnings growth (2.1% per year) is above the savings rate (1.9%).

Earnings vs Market: EQBK's earnings (2.1% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: EQBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: EQBK's revenue (5.1% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: EQBK's revenue (5.1% 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 (10.9%).


Discover growth companies

Past Performance

How has Equity Bancshares performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EQBK has high quality earnings.

Growing Profit Margin: EQBK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EQBK's earnings have declined by 12.7% per year over the past 5 years.

Accelerating Growth: EQBK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EQBK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (20.7%).


Return on Equity

High ROE: EQBK's Return on Equity (11.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Equity Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: EQBK's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: EQBK has a sufficient allowance for bad loans (230%).

Low Risk Liabilities: 95% 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 (63%).

Low Risk Deposits: EQBK's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: EQBK has an appropriate level of bad loans (0.6%).


Discover healthy companies

Dividend

What is Equity Bancshares's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.06%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EQBK's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: EQBK's dividend (1.06%) is low compared to the top 25% of dividend payers in the US market (4.23%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether EQBK's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if EQBK's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (7%), EQBK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EQBK's dividends in 3 years are forecast to be thoroughly covered by earnings (11.4% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Brad Elliott (55 yo)

19.58yrs

Tenure

US$2,299,501

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 ($USD2.30M) is about average for companies of similar size in the US market ($USD2.83M).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EQBK's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: EQBK's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EQBK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.5%.


Top Shareholders

Company Information

Equity Bancshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Equity Bancshares, Inc.
  • Ticker: EQBK
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$489.106m
  • Shares outstanding: 16.28m
  • Website: https://www.equitybank.com

Number of Employees


Location

  • Equity Bancshares, Inc.
  • 7701 East Kellogg Drive
  • Suite 300
  • Wichita
  • Kansas
  • 67207
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.