Insider Buying: Equity Bancshares (NYSE:EQBK) Director Acquires 2,000 Shares of Stock

Equity Bancshares, Inc. (NYSE:EQBK) Director Donald Scott Rogerson acquired 2,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $50.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director directly owned 10,103 shares of the company’s stock, valued at approximately $505,150. This trade represents a 24.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 bought at an average cost of $50.25 per share, with a total value of $100,500.00.

Equity Bancshares Stock Performance

EQBK traded down $0.33 on Wednesday, reaching $49.44. The company had a trading volume of 75,259 shares, compared to its average volume of 114,781. Equity Bancshares, Inc. has a fifty-two week low of $38.60 and a fifty-two week high of $52.27. The stock has a market cap of $1.02 billion, a P/E ratio of 29.60 and a beta of 0.77. The company’s fifty day moving average is $49.67 and its 200 day moving average is $46.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 0.93.

Equity Bancshares (NYSE:EQBK) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.17. The firm had revenue of $81.93 million during the quarter, compared to the consensus estimate of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.34%. As a group, analysts predict that Equity Bancshares, Inc. will post 5.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson increased their price objective on Equity Bancshares from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Piper Sandler restated an “overweight” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Equity Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Benchmark began coverage on shares of Equity Bancshares in a report on Wednesday, June 24th. They issued a “buy” rating and a $57.00 price objective for the company. Finally, Wall Street Zen lowered shares of Equity Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in Equity Bancshares during the first quarter worth about $1,585,000. Kennedy Capital Management LLC lifted its holdings in shares of Equity Bancshares by 37.2% in the fourth quarter. Kennedy Capital Management LLC now owns 279,264 shares of the company’s stock worth $12,469,000 after acquiring an additional 75,785 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Equity Bancshares by 310.3% in the 1st quarter. Hsbc Holdings PLC now owns 28,042 shares of the company’s stock valued at $1,245,000 after purchasing an additional 21,207 shares in the last quarter. WCG Wealth Advisors LLC acquired a new stake in shares of Equity Bancshares in the 4th quarter valued at approximately $777,000. Finally, MQS Management LLC bought a new stake in shares of Equity Bancshares during the 1st quarter valued at approximately $286,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.