Stock fact sheet · data as of
Equity Bancshares, Inc. (EQBK): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is EQBK undervalued?
EQBK closed at 46.68 on 16 Oct 2026, 20% below the GLS average fair value of 58.58 from 9 models (6 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 21 of the 25 Value points.
There is a wide gap between DDM (11.18) and Graham Growth (151.46). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files EQBK under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for EQBK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 65.43 | +40% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 63.20 | +35% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 151.46 | +224% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 58.41 | +25% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 13.11 | -72% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 71.37 | +53% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 43.27 | -7% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.18 | -76% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 49.78 | +7% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -192.77 | -513% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 54.60 | +17% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Equity Bancshares, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.8/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 1.9%, ROE 3.1%, ROA 0.4% - with debt at 0.61 times equity and a free-cash-flow yield of 4.8%.
The dividend yield is 1.63% at a payout ratio of 14%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Debit Card 53%, Financial Service 38%, Mortgage Banking 9% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 1.9% |
|---|---|---|---|
| GLS Moat | 1.8 / 10 | ROE | 3.1% |
| Debt / equity | 0.61 | ROA | 0.4% |
| Free-cash-flow yield | 4.8% | Payout ratio | 14% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 65: Good
With a Wheel Score of 65 - the Good band - Equity Bancshares, Inc. falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 21/25, Health 11/20, Moat 3/15, Premium 20/20, Stability 10/20; Moat (3/15) scores lowest.
Implied volatility is 46% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 434 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 250k shares a day on a market cap of $961M, with a beta of 0.77 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 21 / 25 | 20% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 3 / 15 | moat 1.8/10 | |
| Premium | 20 / 20 | implied volatility 46% | |
| Stability | 10 / 20 | 250k shares/day, $961M cap, beta 0.77 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for EQBK in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Equity Bancshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CAC Camden National Corp. | 55.87 | 75.95 | +26% | 74Good | $944M |
| HBNC Horizon Bancorp, Inc. | 19.33 | 14.53 | -33% | 45Weak | $992M |
| FMCB Farmers & Merchants Bancorp | 1,435.00 | 2,561.57 | +44% | 39No options | $993M |
| CPF Central Pacific Financial Corp. | 36.10 | 45.89 | +21% | 75Good | $929M |
| MCBS MetroCity Bankshares, Inc. | 34.77 | 32.11 | -8% | 55Fair | $1.0B |
| CCNEP CNB Financial Corporation | 24.85 | 36.01 | +31% | 39No options | $1.0B |
| CCNE CNB Financial Corporation | 33.88 | 40.53 | +16% | 68Good | $1.0B |
| HAFC Hanmi Financial Corporation | 30.94 | 54.12 | +43% | 79Good | $917M |
| TRST TrustCo Bank Corp NY | 53.87 | 44.21 | -22% | 53Fair | $917M |
| MBWM Mercantile Bank Corporation | 58.32 | 64.51 | +10% | 65Good | $1.0B |
| WTBFA W.T.B. Financial Corporation | 680.60 | 726.82 | +6% | 39No options | $1.0B |
| NBBK NB Bancorp, Inc. Common Stock | 22.37 | 59.58 | +62% | 72Good | $913M |
⚖ Compare EQBK with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about EQBK
Is EQBK undervalued right now?
By the GLS models, moderately: at 46.68 the stock trades 20% below the average fair value of 58.58 (data as of 16 Oct 2026).
What is the Wheel Score of EQBK and what does it mean?
EQBK scores 65 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for EQBK?
58.58 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Equity Bancshares, Inc. report earnings next?
No upcoming earnings date is recorded for EQBK in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does EQBK have listed options, and how liquid are they?
Yes. The nightly snapshot found 106 listed contracts with 434 open interest across all expiries and implied volatility of 46% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.