Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Equity Bancshares (EQBK) Share Price
Media stories about Equity Bancshares (NASDAQ:EQBK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Bancshares earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.166848819448 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have recently weighed in on EQBK shares. Sandler O’Neill started coverage on Equity Bancshares in a research report on Wednesday, June 14th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of Equity Bancshares in a research report on Wednesday, May 24th. ValuEngine upgraded Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Cowen and Company started coverage on Equity Bancshares in a research report on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Equity Bancshares currently has an average rating of “Hold” and an average price target of $30.33.
Shares of Equity Bancshares (NASDAQ EQBK) traded up 2.01% during trading on Monday, hitting $33.99. The stock had a trading volume of 106,307 shares. Equity Bancshares has a 1-year low of $23.85 and a 1-year high of $38.03. The firm has a market capitalization of $414.88 million, a P/E ratio of 25.52 and a beta of 1.12. The stock’s 50-day moving average price is $34.16 and its 200 day moving average price is $32.20.
Equity Bancshares (NASDAQ:EQBK) last announced its earnings results on Friday, July 21st. The bank reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Equity Bancshares had a return on equity of 7.41% and a net margin of 15.31%. The company had revenue of $25.16 million for the quarter. On average, analysts anticipate that Equity Bancshares will post $1.98 earnings per share for the current year.
In related news, EVP Scott A. Smits bought 1,640 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of $34.50 per share, with a total value of $56,580.00. Following the acquisition, the executive vice president now owns 10,290 shares in the company, valued at $355,005. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brad S. Elliott sold 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 201,933 shares in the company, valued at $6,865,722. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,000 shares of company stock worth $816,000. 14.90% of the stock is owned by insiders.
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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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