Equity Bancshares, Inc. (NASDAQ:EQBK) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.33.

EQBK has been the subject of several research reports. Sandler O’Neill initiated coverage on shares of Equity Bancshares in a research report on Wednesday, June 14th. They issued a “buy” rating for the company. Cowen and Company initiated coverage on shares of Equity Bancshares in a research report on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 target price for the company. Finally, ValuEngine upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th.

In related news, CEO Brad S. Elliott sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wendell Bontrager bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average price of $34.39 per share, with a total value of $68,780.00. Following the completion of the transaction, the insider now directly owns 5,984 shares of the company’s stock, valued at approximately $205,789.76. The disclosure for this purchase can be found here. Insiders sold 24,000 shares of company stock valued at $816,000 over the last quarter. 14.90% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in EQBK. Brandywine Global Investment Management LLC bought a new stake in Equity Bancshares in the second quarter worth $118,000. V Wealth Management LLC bought a new stake in Equity Bancshares in the second quarter worth $120,000. Nationwide Fund Advisors lifted its stake in Equity Bancshares by 31.0% in the first quarter. Nationwide Fund Advisors now owns 4,157 shares of the bank’s stock worth $132,000 after purchasing an additional 984 shares during the last quarter. American International Group Inc. lifted its stake in Equity Bancshares by 44.9% in the first quarter. American International Group Inc. now owns 4,202 shares of the bank’s stock worth $133,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Equity Bancshares in the first quarter worth $164,000. Institutional investors own 59.70% of the company’s stock.

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Shares of Equity Bancshares (EQBK) traded up 0.64% on Friday, hitting $34.50. The stock had a trading volume of 121,856 shares. The company has a market capitalization of $421.11 million, a PE ratio of 25.90 and a beta of 1.12. Equity Bancshares has a 1-year low of $23.94 and a 1-year high of $38.03. The firm has a 50-day moving average of $34.15 and a 200 day moving average of $32.21.

Equity Bancshares (NASDAQ:EQBK) last announced its earnings results on Friday, July 21st. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Equity Bancshares had a net margin of 15.31% and a return on equity of 7.41%. The company had revenue of $25.16 million during the quarter. On average, equities analysts anticipate that Equity Bancshares will post $1.96 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Equity Bancshares (NASDAQ:EQBK)

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