Key Points
- Director Donald Scott Rogerson bought 2,000 Equity Bancshares shares at $50 each, investing $100,000 and increasing his stake by 24.68% to 10,103 shares. This follows another $100,500 purchase in late July.
- Equity Bancshares recently reported quarterly EPS of $1.41, beating analyst estimates of $1.24, though revenue of $81.93 million fell short of the $85.10 million consensus.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $54.17 versus the stock’s reported $49.44 price; institutional investors own 71.8% of shares.
Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report) Director Donald Scott Rogerson acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $50.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director owned 10,103 shares in the company, valued at $505,150. This trade represents a 24.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Donald Scott Rogerson also recently made the following trade(s):
- On Friday, July 31st, Donald Scott Rogerson bought 2,000 shares of Equity Bancshares stock. The stock was purchased at an average cost of $50.25 per share, with a total value of $100,500.00.
Equity Bancshares Price Performance
NYSE EQBK opened at $49.44 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. Equity Bancshares, Inc. has a 12 month low of $38.60 and a 12 month high of $52.27. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 29.60 and a beta of 0.77. The company's 50 day moving average is $49.73 and its two-hundred day moving average is $46.97.
Equity Bancshares (NYSE:EQBK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.17. The business had revenue of $81.93 million during the quarter, compared to analyst estimates of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.34%. As a group, research analysts anticipate that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of Equity Bancshares in a report on Monday, June 22nd. Royal Bank Of Canada reissued a "buy" rating on shares of Equity Bancshares in a report on Monday, June 22nd. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Wall Street Zen lowered Equity Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Hovde Group assumed coverage on Equity Bancshares in a research report on Wednesday, June 10th. They set a "market perform" rating and a $51.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.17.
Check Out Our Latest Research Report on EQBK
Hedge Funds Weigh In On Equity Bancshares
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in shares of Equity Bancshares by 0.6% in the 1st quarter. First Trust Advisors LP now owns 48,621 shares of the company's stock worth $2,159,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. raised its holdings in Equity Bancshares by 0.7% during 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 period. Intech Investment Management LLC raised its holdings in Equity Bancshares by 5.6% during the 3rd quarter. Intech Investment Management LLC now owns 7,306 shares of the company's stock valued at $297,000 after buying an additional 388 shares during the period. Mariner LLC lifted its position in Equity Bancshares by 5.4% in 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. Finally, Osaic Holdings Inc. lifted its position in Equity Bancshares by 282.0% in 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. Institutional investors 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.
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