Scott A. Smits Acquires 1,640 Shares of Equity Bancshares, Inc. (EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) EVP Scott A. Smits acquired 1,640 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of $34.50 per share, for a total transaction of $56,580.00. Following the completion of the acquisition, the executive vice president now owns 10,290 shares of the company’s stock, valued at $355,005. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Equity Bancshares, Inc. (NASDAQ EQBK) traded up 0.53% during trading on Friday, hitting $34.01. 24,042 shares of the company traded hands. The stock has a 50 day moving average price of $33.65 and a 200 day moving average price of $32.10. The company has a market capitalization of $415.13 million, a P/E ratio of 25.53 and a beta of 1.11. Equity Bancshares, Inc. has a 12-month low of $23.68 and a 12-month high of $38.03.

Equity Bancshares (NASDAQ:EQBK) last released its earnings results on Friday, July 21st. The bank reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The company had revenue of $25.16 million during the quarter. Equity Bancshares had a return on equity of 7.41% and a net margin of 15.31%. On average, equities analysts anticipate that Equity Bancshares, Inc. will post $1.98 earnings per share for the current year.

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Several equities analysts recently commented on EQBK shares. FBR & Co restated a “buy” rating and issued a $40.00 price target on shares of Equity Bancshares in a research note on Friday, April 21st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $37.00 price target on shares of Equity Bancshares in a research note on Wednesday, May 24th. Sandler O’Neill started coverage on shares of Equity Bancshares in a research note on Wednesday, June 14th. They issued a “buy” rating on the stock. Cowen and Company started coverage on shares of Equity Bancshares in a research note on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 price target on the stock. Finally, ValuEngine upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.33.

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in Equity Bancshares by 1.8% in the second quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock worth $177,000 after buying an additional 103 shares during the last quarter. Nationwide Fund Advisors increased its stake in Equity Bancshares by 31.0% in the first quarter. Nationwide Fund Advisors now owns 4,157 shares of the bank’s stock worth $132,000 after buying an additional 984 shares during the last quarter. American International Group Inc. increased its stake in Equity Bancshares by 44.9% in the first quarter. American International Group Inc. now owns 4,202 shares of the bank’s stock worth $133,000 after buying an additional 1,302 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Equity Bancshares during the second quarter worth $118,000. Finally, V Wealth Management LLC purchased a new stake in Equity Bancshares during the second quarter worth $120,000. Institutional investors own 57.28% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Equity Bancshares (NASDAQ:EQBK)

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