Equity Bancshares, Inc. (NASDAQ:EQBK) has earned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $31.67.
Several equities research analysts recently issued reports on EQBK shares. Zacks Investment Research downgraded Equity Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price objective on shares of Equity Bancshares in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded Equity Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.
In other news, CEO Brad S. Elliott sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief executive officer now directly owns 201,933 shares of the company’s stock, valued at approximately $6,865,722. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brad S. Elliott sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $34.00, for a total value of $136,000.00. Following the sale, the chief executive officer now directly owns 200,933 shares of the company’s stock, valued at $6,831,722. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock valued at $816,000 over the last ninety days. Company insiders own 14.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Commerce Bank increased its holdings in shares of Equity Bancshares by 27.4% during the 2nd quarter. Commerce Bank now owns 69,821 shares of the bank’s stock valued at $2,139,000 after acquiring an additional 15,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Equity Bancshares by 79.5% during the 1st quarter. Vanguard Group Inc. now owns 228,337 shares of the bank’s stock valued at $7,254,000 after acquiring an additional 101,113 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Equity Bancshares during the 1st quarter valued at about $1,120,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Equity Bancshares by 68.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the bank’s stock valued at $567,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Equity Bancshares by 39.3% during the 1st quarter. Geode Capital Management LLC now owns 45,936 shares of the bank’s stock valued at $1,459,000 after acquiring an additional 12,957 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Equity Bancshares (NASDAQ EQBK) opened at $33.15 on Monday. The stock has a market capitalization of $405.42, a PE ratio of 18.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.85 and a quick ratio of 0.84. Equity Bancshares has a one year low of $27.40 and a one year high of $38.03.
Equity Bancshares Company Profile
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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