Equity Bancshares, Inc. (NYSE:EQBK – Get Free Report) Director Donald Scott Rogerson purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $50.25 per share, for a total transaction of $100,500.00. Following the purchase, the director directly owned 8,103 shares in the company, valued at $407,175.75. The trade was a 32.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Equity Bancshares Stock Performance
Shares of EQBK stock traded up $0.31 during trading hours on Monday, hitting $50.99. The stock had a trading volume of 108,830 shares, compared to its average volume of 117,859. The firm has a market capitalization of $1.05 billion, a PE ratio of 30.53 and a beta of 0.77. Equity Bancshares, Inc. has a twelve month low of $36.21 and a twelve month high of $51.73. The stock’s 50 day moving average is $48.23 and its 200 day moving average is $46.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.
Equity Bancshares (NYSE:EQBK – Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. The business had revenue of $81.93 million for the quarter, compared to analysts’ expectations of $85.10 million. As a group, research analysts forecast that Equity Bancshares, Inc. will post 5.18 earnings per share for the current fiscal year.
Equity Bancshares Announces Dividend
Analyst Upgrades and Downgrades
EQBK has been the topic of a number of research reports. Wall Street Zen raised Equity Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Piper Sandler reaffirmed an “overweight” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Hovde Group initiated coverage on Equity Bancshares in a research note on Wednesday, June 10th. They issued a “market perform” rating and a $51.00 target price on the stock. Benchmark began coverage on Equity Bancshares in a report on Wednesday, June 24th. They issued a “buy” rating and a $57.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.17.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in EQBK. First Trust Advisors LP lifted its position in Equity Bancshares by 0.6% in the first quarter. First Trust Advisors LP now owns 48,621 shares of the company’s stock valued at $2,159,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. increased its position in Equity Bancshares by 0.7% during the 4th quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company’s stock worth $2,306,000 after purchasing an additional 381 shares during the period. Intech Investment Management LLC increased its position in Equity Bancshares by 5.6% during the 3rd quarter. Intech Investment Management LLC now owns 7,306 shares of the company’s stock worth $297,000 after purchasing an additional 388 shares during the period. Mariner LLC raised its stake in shares of Equity Bancshares by 5.4% during the 4th quarter. Mariner LLC now owns 9,516 shares of the company’s stock worth $425,000 after buying an additional 486 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after buying an additional 502 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.
About Equity Bancshares
Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.
The company’s core business activities encompass a full spectrum of commercial and consumer banking services.
Featured Articles
- Five stocks we like better than Equity Bancshares
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Receive News & Ratings for Equity Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
