Equity Bancshares, Inc. (EQBK) Research Coverage Started at Cowen and Company

Cowen and Company assumed coverage on shares of Equity Bancshares, Inc. (NASDAQ:EQBK) in a research note released on Wednesday morning, StockTargetPrices.com reports. The brokerage issued a market perform rating and a $14.00 price objective on the bank’s stock.

Several other brokerages have also recently commented on EQBK. FBR & Co reiterated a buy rating and set a $40.00 target price on shares of Equity Bancshares in a research report on Friday, April 21st. Zacks Investment Research cut shares of Equity Bancshares from a hold rating to a sell rating in a research report on Friday, March 24th. Sandler O’Neill started coverage on shares of Equity Bancshares in a research report on Wednesday, June 14th. They set a buy rating for the company. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $37.00 target price on shares of Equity Bancshares in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $30.33.

Shares of Equity Bancshares (EQBK) opened at 31.90 on Wednesday. The company has a 50 day moving average price of $30.83 and a 200 day moving average price of $32.29. Equity Bancshares has a one year low of $19.81 and a one year high of $38.03. The company has a market cap of $389.31 million, a P/E ratio of 28.66 and a beta of 1.02.

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In other Equity Bancshares news, EVP Julie A. Huber sold 6,578 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $31.58, for a total transaction of $207,733.24. Following the completion of the sale, the executive vice president now owns 48,654 shares in the company, valued at approximately $1,536,493.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie A. Huber sold 1,300 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $29.91, for a total transaction of $38,883.00. Following the sale, the executive vice president now owns 42,382 shares of the company’s stock, valued at approximately $1,267,645.62. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 6,010 shares of company stock valued at $183,557 and have sold 19,257 shares valued at $610,630. Insiders own 14.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. RMB Capital Management LLC boosted its stake in shares of Equity Bancshares by 65.1% in the first quarter. RMB Capital Management LLC now owns 652,442 shares of the bank’s stock valued at $20,728,000 after buying an additional 257,175 shares during the last quarter. Mendon Capital Advisors Corp boosted its stake in shares of Equity Bancshares by 44.1% in the first quarter. Mendon Capital Advisors Corp now owns 446,480 shares of the bank’s stock valued at $14,185,000 after buying an additional 136,622 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Equity Bancshares by 79.5% in the first quarter. Vanguard Group Inc. now owns 228,337 shares of the bank’s stock valued at $7,254,000 after buying an additional 101,113 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Equity Bancshares by 48.6% in the first quarter. Renaissance Technologies LLC now owns 112,200 shares of the bank’s stock valued at $3,565,000 after buying an additional 36,682 shares during the last quarter. Finally, Commerce Bank boosted its stake in shares of Equity Bancshares by 513.5% in the first quarter. Commerce Bank now owns 54,821 shares of the bank’s stock valued at $1,742,000 after buying an additional 45,885 shares during the last quarter. Institutional investors own 55.74% of the company’s stock.

About Equity Bancshares

Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EQBK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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