Equity Bancshares, Inc. (EQBK) Receives $30.33 Average PT from Brokerages
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.
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