Equity BancShares Inc (NASDAQ:EQBK) Director Gary C. Allerheiligen bought 2,000 shares of Equity BancShares stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $16.84 per share, for a total transaction of $33,680.00. Following the completion of the transaction, the director now directly owns 13,750 shares of the company’s stock, valued at approximately $231,550. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of EQBK stock traded up $0.22 during trading hours on Wednesday, reaching $16.67. The company had a trading volume of 199 shares, compared to its average volume of 58,657. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. Equity BancShares Inc has a twelve month low of $12.49 and a twelve month high of $31.91. The company has a market capitalization of $250.34 million, a P/E ratio of 11.04 and a beta of 0.81. The stock’s fifty day simple moving average is $15.51 and its 200 day simple moving average is $16.99.
Equity BancShares (NASDAQ:EQBK) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Equity BancShares had a net margin of 12.28% and a return on equity of 5.35%. The company had revenue of $38.62 million during the quarter, compared to analyst estimates of $38.21 million. As a group, equities analysts expect that Equity BancShares Inc will post 1.12 earnings per share for the current year.
A number of research firms have recently commented on EQBK. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. ValuEngine upgraded Equity BancShares from a “sell” rating to a “hold” rating in a report on Tuesday, September 1st. DA Davidson downgraded Equity BancShares from a “buy” rating to a “neutral” rating in a report on Thursday, July 16th. Finally, BidaskClub upgraded Equity BancShares from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.
Hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management Inc. grew its stake in Equity BancShares by 31.6% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 84,900 shares of the bank’s stock valued at $1,481,000 after purchasing an additional 20,400 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Equity BancShares by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 93,556 shares of the bank’s stock valued at $1,632,000 after purchasing an additional 3,206 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Equity BancShares during the 2nd quarter valued at approximately $488,000. Sei Investments Co. grew its stake in Equity BancShares by 61.3% during the 2nd quarter. Sei Investments Co. now owns 24,200 shares of the bank’s stock valued at $422,000 after purchasing an additional 9,200 shares in the last quarter. Finally, Patriot Financial Partners GP LP acquired a new stake in Equity BancShares during the 2nd quarter valued at approximately $7,799,000. Institutional investors and hedge funds own 66.92% of the company’s stock.
Equity BancShares Company Profile
Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.
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