Equity Bancshares, Inc. (NASDAQ:EQBK) CEO Brad S. Elliott sold 10,000 shares of Equity Bancshares stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the transaction, the chief executive officer now owns 201,933 shares in the company, valued at approximately $6,865,722. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Equity Bancshares, Inc. (NASDAQ EQBK) traded down 0.09% during mid-day trading on Thursday, reaching $34.13. 65,129 shares of the company traded hands. The stock has a market capitalization of $416.59 million, a price-to-earnings ratio of 25.62 and a beta of 1.12. The company’s 50 day moving average is $34.39 and its 200 day moving average is $32.15. Equity Bancshares, Inc. has a 52-week low of $23.85 and a 52-week 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 Thomson Reuters’ consensus estimate of $0.50 by $0.01. Equity Bancshares had a return on equity of 7.41% and a net margin of 15.31%. The firm had revenue of $25.16 million for the quarter. On average, equities analysts forecast that Equity Bancshares, Inc. will post $1.98 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in Equity Bancshares during the second quarter worth about $1,201,000. California State Teachers Retirement System lifted its position in Equity Bancshares by 36.0% during the second quarter. California State Teachers Retirement System now owns 18,879 shares of the bank’s stock worth $578,000 after buying an additional 5,000 shares during the period. The Manufacturers Life Insurance Company lifted its position in Equity Bancshares by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 431,989 shares of the bank’s stock worth $13,236,000 after buying an additional 13,537 shares during the period. State Street Corp lifted its position in Equity Bancshares by 60.1% during the second quarter. State Street Corp now owns 156,337 shares of the bank’s stock worth $4,790,000 after buying an additional 58,679 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in Equity Bancshares during the second quarter worth about $273,000. Hedge funds and other institutional investors own 59.70% of the company’s stock.

Several research firms have recently commented on EQBK. ValuEngine lowered Equity Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Sandler O’Neill assumed coverage on shares of Equity Bancshares in a report on Wednesday, June 14th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $37.00 price objective on shares of Equity Bancshares in a report on Wednesday, May 24th. Finally, Cowen and Company assumed coverage on shares of Equity Bancshares in a report on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.33.

About Equity Bancshares

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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