Equity Bancshares, Inc. (NASDAQ:EQBK) CEO Brad S. Elliott sold 4,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $34.00, for a total transaction of $136,000.00. Following the sale, the chief executive officer now owns 200,933 shares of the company’s stock, valued at approximately $6,831,722. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) opened at 34.23 on Wednesday. Equity Bancshares, Inc. has a one year low of $23.85 and a one year high of $38.03. The company has a market cap of $417.81 million, a price-to-earnings ratio of 25.70 and a beta of 1.12. The firm’s 50-day moving average is $34.32 and its 200-day moving average is $32.16.
Equity Bancshares (NASDAQ:EQBK) last issued its earnings results on Friday, July 21st. The bank reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The firm had revenue of $25.16 million during the quarter. Equity Bancshares had a return on equity of 7.41% and a net margin of 15.31%. Analysts expect that Equity Bancshares, Inc. will post $1.98 EPS for the current fiscal year.
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EQBK has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Cowen and Company initiated coverage on shares of Equity Bancshares in a research report on Wednesday, June 14th. They set a “market perform” rating and a $14.00 target price for the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 price objective on shares of Equity Bancshares in a report on Wednesday, May 24th. Finally, Sandler O’Neill initiated coverage on shares of Equity Bancshares in a report on Wednesday, June 14th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Equity Bancshares has a consensus rating of “Hold” and an average price target of $30.33.
A number of hedge funds and other institutional investors have recently modified their holdings of EQBK. Brandywine Global Investment Management LLC acquired a new position in Equity Bancshares during the second quarter worth about $118,000. V Wealth Management LLC acquired a new position in Equity Bancshares during the second quarter worth about $120,000. Nationwide Fund Advisors raised its stake in Equity Bancshares by 31.0% during the first quarter. Nationwide Fund Advisors now owns 4,157 shares of the bank’s stock worth $132,000 after acquiring an additional 984 shares in the last quarter. American International Group Inc. raised its stake in Equity Bancshares by 44.9% during the first quarter. American International Group Inc. now owns 4,202 shares of the bank’s stock worth $133,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Equity Bancshares during the first quarter worth about $164,000. 59.70% of the stock is owned by hedge funds and other institutional investors.
Equity Bancshares Company Profile
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.
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