Equity Bancshares, Inc. (EQBK) Given Average Rating of “Hold” by Analysts

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.

Analyst Recommendations for Equity Bancshares (NASDAQ:EQBK)

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