Key Points
- Director purchase: Director Donald Scott Rogerson bought 2,000 shares at an average price of $45.93 on April 29 for $91,860, increasing his stake to 5,000 shares (a 66.7% rise) as disclosed in an SEC filing.
- Financials: Equity Bancshares reported quarterly EPS of $1.32 versus the $1.15 consensus (revenue $83.26M slightly below estimates), with a ROE of 13.43%, market cap about $964M and a P/E of 36.46.
- Dividend and analyst view: The company pays a $0.18 quarterly dividend ($0.72 annual, ~1.6% yield, ~57% payout ratio) and holds a consensus "Hold" rating from analysts with an average price target of $51.33.
Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report) Director Donald Scott Rogerson bought 2,000 shares of the company's stock in a transaction on Wednesday, April 29th. The stock was purchased at an average cost of $45.93 per share, for a total transaction of $91,860.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $229,650. The trade was a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Equity Bancshares Stock Performance
Shares of EQBK stock opened at $45.94 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.92 and a quick ratio of 0.91. Equity Bancshares, Inc. has a fifty-two week low of $36.04 and a fifty-two week high of $50.07. The stock's 50-day moving average is $44.91 and its two-hundred day moving average is $44.56. The firm has a market cap of $964.18 million, a P/E ratio of 36.46 and a beta of 0.78.
Equity Bancshares (NYSE:EQBK - Get Free Report) last issued its earnings results on Tuesday, April 14th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.17. Equity Bancshares had a return on equity of 13.43% and a net margin of 6.15%.The company had revenue of $83.26 million for the quarter, compared to analyst estimates of $85.24 million. Analysts predict that Equity Bancshares, Inc. will post 5.06 earnings per share for the current fiscal year.
Equity Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. Equity Bancshares's dividend payout ratio is currently 57.14%.
Analyst Ratings Changes
EQBK has been the topic of a number of analyst reports. Piper Sandler increased their price objective on Equity Bancshares from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Weiss Ratings reissued a "hold (c)" rating on shares of Equity Bancshares in a report on Friday, March 27th. Keefe, Bruyette & Woods increased their price objective on Equity Bancshares from $47.00 to $49.00 and gave the company a "market perform" rating in a report on Friday, January 23rd. DA Davidson lowered their price objective on Equity Bancshares from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 16th. Finally, Wall Street Zen raised Equity Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Equity Bancshares has a consensus rating of "Hold" and an average price target of $51.33.
Get Our Latest Stock Analysis on EQBK
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in EQBK. Russell Investments Group Ltd. grew its holdings in Equity Bancshares by 0.7% in the 4th quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company's stock valued at $2,306,000 after buying an additional 381 shares during the last quarter. Intech Investment Management LLC increased its position in Equity Bancshares by 5.6% in the 3rd quarter. Intech Investment Management LLC now owns 7,306 shares of the company's stock worth $297,000 after buying an additional 388 shares during the period. Mariner LLC lifted its holdings in shares of Equity Bancshares by 5.4% during the fourth quarter. Mariner LLC now owns 9,516 shares of the company's stock worth $425,000 after buying an additional 486 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the company's stock worth $28,000 after buying an additional 502 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Equity Bancshares by 20.2% in the fourth quarter. CWM LLC now owns 3,252 shares of the company's stock valued at $145,000 after acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 71.80% of the company's stock.
Equity Bancshares Company Profile
(
Get Free Report)
Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.
The company's core business activities encompass a full spectrum of commercial and consumer banking services.
Further Reading
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