Brad S. Elliott Sells 4,000 Shares of Equity Bancshares, Inc. (EQBK) Stock

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.

Insider Buying and Selling by Quarter for Equity Bancshares (NASDAQ:EQBK)

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