Gary C. Allerheiligen Purchases 1,000 Shares of Equity BancShares Inc (NASDAQ:EQBK) Stock

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Equity BancShares Inc (NASDAQ:EQBK) Director Gary C. Allerheiligen acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $14.25 per share, for a total transaction of $14,250.00. Following the acquisition, the director now owns 11,750 shares of the company’s stock, valued at approximately $167,437.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ EQBK opened at $14.14 on Friday. The firm’s 50-day moving average is $15.53 and its two-hundred day moving average is $19.64. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $214.90 million, a PE ratio of 8.73 and a beta of 0.87. Equity BancShares Inc has a 12-month low of $12.49 and a 12-month high of $31.91.

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

Several large investors have recently bought and sold shares of EQBK. BNP Paribas Arbitrage SA boosted its stake in shares of Equity BancShares by 163.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,649 shares of the bank’s stock valued at $80,000 after purchasing an additional 2,886 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Equity BancShares by 4.3% in the first quarter. Nuveen Asset Management LLC now owns 92,985 shares of the bank’s stock valued at $1,604,000 after purchasing an additional 3,841 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Equity BancShares by 107.2% in the first quarter. Russell Investments Group Ltd. now owns 27,363 shares of the bank’s stock valued at $472,000 after purchasing an additional 14,154 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Equity BancShares by 34.1% in the first quarter. Victory Capital Management Inc. now owns 53,163 shares of the bank’s stock valued at $917,000 after purchasing an additional 13,513 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Equity BancShares by 1.2% in the first quarter. BlackRock Inc. now owns 1,032,154 shares of the bank’s stock valued at $17,805,000 after purchasing an additional 12,513 shares during the period. 66.55% of the stock is owned by institutional investors and hedge funds.

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