Equity BancShares Inc (NASDAQ:EQBK) Director Buys $14,050.00 in Stock

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Equity BancShares Inc (NASDAQ:EQBK) Director Gregory L. Gaeddert bought 1,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was purchased at an average price of $14.05 per share, for a total transaction of $14,050.00. Following the completion of the purchase, the director now owns 14,943 shares of the company’s stock, valued at $209,949.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Equity BancShares stock opened at $14.14 on Friday. Equity BancShares Inc has a 52 week low of $12.49 and a 52 week high of $31.91. The business has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $19.64. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.93. The stock has a market cap of $214.90 million, a price-to-earnings ratio of 8.73 and a beta of 0.87.

Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Equity BancShares had a return on equity of 5.37% and a net margin of 12.28%. The firm had revenue of $38.62 million during the quarter, compared to analysts’ expectations of $38.21 million. On average, research analysts anticipate that Equity BancShares Inc will post 1.12 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of EQBK. JPMorgan Chase & Co. boosted its holdings in shares of Equity BancShares by 902.3% in the 1st quarter. JPMorgan Chase & Co. now owns 48,853 shares of the bank’s stock worth $843,000 after purchasing an additional 43,979 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Equity BancShares by 107.2% in the 1st quarter. Russell Investments Group Ltd. now owns 27,363 shares of the bank’s stock worth $472,000 after acquiring an additional 14,154 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Equity BancShares by 34.1% in the 1st quarter. Victory Capital Management Inc. now owns 53,163 shares of the bank’s stock worth $917,000 after acquiring an additional 13,513 shares in the last quarter. Windsor Creek Advisors LLC bought a new position in shares of Equity BancShares in the 1st quarter worth approximately $229,000. Finally, BlackRock Inc. raised its position in shares of Equity BancShares by 1.2% in the 1st quarter. BlackRock Inc. now owns 1,032,154 shares of the bank’s stock worth $17,805,000 after acquiring an additional 12,513 shares in the last quarter. Hedge funds and other institutional investors own 66.55% of the company’s stock.

A number of analysts recently issued reports on EQBK shares. Stephens boosted their price objective on Equity BancShares from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. BidaskClub lowered Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, May 5th. DA Davidson lowered Equity BancShares from a “buy” rating to a “neutral” rating in a research note on Thursday, July 16th. ValuEngine upgraded Equity BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Zacks Investment Research lowered Equity BancShares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Equity BancShares has a consensus rating of “Hold” and an average price target of $26.00.

About Equity BancShares

Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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