Somewhat Positive News Coverage Somewhat Unlikely to Affect Equity Bancshares (EQBK) Share Price
News articles about Equity Bancshares (NASDAQ:EQBK) have trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Equity Bancshares earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 44.6600762173114 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Equity Bancshares (NASDAQ EQBK) traded up 0.44% on Thursday, reaching $34.15. 37,112 shares of the company’s stock traded hands. The firm has a market cap of $416.83 million, a price-to-earnings ratio of 25.64 and a beta of 1.11. The stock’s 50 day moving average is $33.98 and its 200 day moving average is $32.13. Equity Bancshares has a 52-week low of $23.81 and a 52-week high of $38.03.
Equity Bancshares (NASDAQ:EQBK) last announced its earnings results on Friday, July 21st. The bank reported $0.51 EPS for the quarter, topping the 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%. On average, equities research analysts predict that Equity Bancshares will post $1.98 EPS for the current fiscal year.
EQBK has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. 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. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 price target on shares of Equity Bancshares in a report on Wednesday, May 24th. Finally, Cowen and Company initiated coverage on shares of Equity Bancshares in a report on Wednesday, June 14th. They set a “market perform” rating and a $14.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.33.
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In other Equity Bancshares news, Director Dan R. Bowers sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $31.99, for a total transaction of $364,014.21. Following the sale, the director now directly owns 726 shares in the company, valued at approximately $23,224.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Smits bought 4,500 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were bought at an average price of $30.47 per share, for a total transaction of $137,115.00. Following the completion of the acquisition, the executive vice president now directly owns 9,500 shares in the company, valued at approximately $289,465. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,950 shares of company stock worth $287,025 over the last 90 days. Corporate insiders own 14.90% of the company’s stock.
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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