Equity Bancshares, Inc. (NYSE:EQBK – Get Free Report) CEO Brad Elliott sold 4,165 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $51.12, for a total transaction of $212,914.80. Following the transaction, the chief executive officer owned 55,313 shares in the company, valued at approximately $2,827,600.56. The trade was a 7.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Equity Bancshares Stock Down 0.2%
Shares of EQBK opened at $50.61 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $48.23 and a 200-day simple moving average of $46.45. Equity Bancshares, Inc. has a 52 week low of $36.04 and a 52 week high of $51.73. The firm has a market capitalization of $1.04 billion, a P/E ratio of 30.31 and a beta of 0.77.
Equity Bancshares (NYSE:EQBK – Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.17. Equity Bancshares had a return on equity of 13.67% and a net margin of 8.26%.The business had revenue of $81.93 million for the quarter, compared to the consensus estimate of $85.10 million. On average, equities research analysts expect that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.
Equity Bancshares Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP lifted its holdings in shares of Equity Bancshares by 0.6% during the first quarter. First Trust Advisors LP now owns 48,621 shares of the company’s stock valued at $2,159,000 after acquiring an additional 300 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Equity Bancshares by 0.7% in 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 last quarter. Intech Investment Management LLC grew its holdings in shares of Equity Bancshares by 5.6% in 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 last quarter. Mariner LLC increased its position 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 purchasing an additional 486 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position 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 purchasing an additional 502 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on EQBK shares. Hovde Group initiated coverage on shares of Equity Bancshares in a report on Wednesday, June 10th. They issued a “market perform” rating and a $51.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equity Bancshares in a report on Monday, June 22nd. Benchmark started coverage on shares of Equity Bancshares in a research report on Wednesday, June 24th. They set a “buy” rating and a $57.00 target price on the stock. Weiss Ratings raised shares of Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Stephens increased their price target on shares of Equity Bancshares from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.17.
Read Our Latest Analysis on Equity Bancshares
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
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
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.
