Equity Bancshares, Inc. (EQBK) CEO Sells $340,000.00 in Stock
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.
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.
Receive News & Ratings for Equity Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.