Equity Bancshares, Inc. (NYSE:EQBK – Get Free Report) Director Donald Scott Rogerson acquired 2,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $100,000.00. Following the transaction, the director directly owned 10,103 shares in the company, valued at $505,150. The trade was a 24.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Donald Scott Rogerson also recently made the following trade(s):
- On Friday, July 31st, Donald Scott Rogerson bought 2,000 shares of Equity Bancshares stock. The shares were acquired at an average price of $50.25 per share, with a total value of $100,500.00.
Equity Bancshares Stock Up 0.3%
Shares of EQBK opened at $49.67 on Friday. The firm has a fifty day moving average price of $49.79 and a 200-day moving average price of $46.98. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.02 billion, a P/E ratio of 29.74 and a beta of 0.77. Equity Bancshares, Inc. has a 12-month low of $38.60 and a 12-month high of $52.27.
Analyst Ratings Changes
A number of analysts recently issued reports on EQBK shares. Wall Street Zen lowered Equity Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Equity Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. DA Davidson upped their target price on Equity Bancshares from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Finally, Hovde Group began coverage on Equity Bancshares in a research report on Wednesday, June 10th. They set a “market perform” rating and a $51.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Equity Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $54.17.
View Our Latest Analysis on EQBK
Institutional Investors Weigh In On Equity Bancshares
Several hedge funds have recently modified their holdings of EQBK. California State Teachers Retirement System boosted its stake in shares of Equity Bancshares by 7,658.1% during the second quarter. California State Teachers Retirement System now owns 988,618 shares of the company’s stock valued at $48,432,000 after purchasing an additional 975,875 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Equity Bancshares in the second quarter worth approximately $36,000. Bank of New York Mellon Corp bought a new position in Equity Bancshares in the second quarter worth approximately $3,967,000. Bank of America Corp DE lifted its holdings in Equity Bancshares by 98.7% during the first quarter. Bank of America Corp DE now owns 32,616 shares of the company’s stock worth $1,448,000 after buying an additional 16,200 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Equity Bancshares by 8.4% during the first quarter. Empowered Funds LLC now owns 87,024 shares of the company’s stock worth $3,865,000 after buying an additional 6,707 shares during the period. Hedge funds and other institutional investors own 71.80% of the company’s stock.
Equity Bancshares Company Profile
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.
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