Media headlines about Equity Bancshares (NASDAQ:EQBK) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equity Bancshares earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.8996716726601 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
EQBK has been the topic of several research analyst reports. Sandler O’Neill initiated coverage on Equity Bancshares in a research report on Wednesday, June 14th. They issued a “buy” rating on the stock. Cowen and Company initiated coverage on Equity Bancshares in a research report on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 target price on the stock. ValuEngine upgraded Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 target price on shares of Equity Bancshares in a research report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.67.
Equity Bancshares (EQBK) traded down 1.17% during midday trading on Thursday, hitting $36.30. The company had a trading volume of 28,408 shares. Equity Bancshares has a 1-year low of $24.62 and a 1-year high of $38.03. The company has a 50 day moving average price of $34.69 and a 200 day moving average price of $32.61. The firm has a market capitalization of $443.08 million, a P/E ratio of 27.25 and a beta of 1.13.
Equity Bancshares (NASDAQ:EQBK) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $25.16 million for the quarter. Equity Bancshares had a net margin of 15.31% and a return on equity of 7.41%. Equities research analysts forecast that Equity Bancshares will post $1.96 earnings per share for the current fiscal year.
In other Equity Bancshares news, insider Wendell Bontrager bought 2,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of $34.39 per share, with a total value of $68,780.00. Following the purchase, the insider now directly owns 5,984 shares of the company’s stock, valued at approximately $205,789.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott A. Smits bought 1,640 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $34.50 per share, for a total transaction of $56,580.00. Following the completion of the purchase, the executive vice president now directly owns 10,290 shares in the company, valued at $355,005. The disclosure for this purchase can be found here. Insiders sold a total of 24,000 shares of company stock worth $816,000 over the last ninety days. 14.90% of the stock is currently owned by corporate insiders.
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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.
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