Equity BancShares Inc (NASDAQ:EQBK) Director Michael R. Downing sold 10,023 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $35.00, for a total transaction of $350,805.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Equity BancShares Inc (EQBK) traded down $0.53 during mid-day trading on Wednesday, hitting $34.55. 56,800 shares of the stock were exchanged, compared to its average volume of 46,500. Equity BancShares Inc has a 52 week low of $29.13 and a 52 week high of $38.03. The firm has a market cap of $429.17, a PE ratio of 19.49 and a beta of 1.02. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Equity BancShares in the 3rd quarter valued at $109,000. Brandywine Global Investment Management LLC acquired a new position in shares of Equity BancShares in the 2nd quarter valued at $118,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Equity BancShares in the 1st quarter valued at $164,000. Wells Fargo & Company MN raised its stake in shares of Equity BancShares by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock valued at $177,000 after buying an additional 103 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Equity BancShares by 53.4% in the 2nd quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock valued at $195,000 after buying an additional 2,218 shares in the last quarter. Institutional investors own 61.82% of the company’s stock.
Several equities analysts recently commented on EQBK shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 target price on shares of Equity BancShares in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.67.
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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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