Equity Bancshares (NASDAQ:EQBK) Shares Down 3.1%

Equity Bancshares, Inc. (NASDAQ:EQBK)’s stock price fell 3.1% on Wednesday . The stock traded as low as $40.11 and last traded at $40.11. 770 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 48,040 shares. The stock had previously closed at $41.38.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price objective on Equity Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Stephens increased their price target on shares of Equity Bancshares from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.00.

Equity Bancshares Trading Down 0.1 %

The company has a market cap of $630.56 million, a price-to-earnings ratio of 68.97 and a beta of 0.90. The business’s 50-day simple moving average is $39.08 and its 200-day simple moving average is $35.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.84.

Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings data on Tuesday, July 16th. The bank reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. The business had revenue of $55.43 million during the quarter, compared to the consensus estimate of $54.56 million. Research analysts predict that Equity Bancshares, Inc. will post 4.01 earnings per share for the current fiscal year.

Insider Activity at Equity Bancshares

In other Equity Bancshares news, Director Gregory L. Gaeddert sold 6,000 shares of Equity Bancshares stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $40.99, for a total value of $245,940.00. Following the transaction, the director now owns 17,167 shares in the company, valued at approximately $703,675.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equity Bancshares news, Director Gregory L. Gaeddert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $40.99, for a total transaction of $245,940.00. Following the completion of the sale, the director now directly owns 17,167 shares in the company, valued at $703,675.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brad S. Elliott sold 24,801 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the sale, the chief executive officer now directly owns 151,616 shares of the company’s stock, valued at approximately $6,161,674.24. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.

Institutional Trading of Equity Bancshares

A number of hedge funds have recently made changes to their positions in EQBK. EntryPoint Capital LLC acquired a new position in Equity Bancshares during the 1st quarter worth $42,000. BNP Paribas Financial Markets increased its holdings in Equity Bancshares by 97.0% in the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock valued at $247,000 after buying an additional 3,541 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Equity Bancshares during the fourth quarter valued at approximately $271,000. Quadrature Capital Ltd bought a new position in Equity Bancshares during the 4th quarter worth approximately $322,000. Finally, AQR Capital Management LLC acquired a new position in shares of Equity Bancshares in the 2nd quarter worth approximately $322,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.