Equity Bancshares, Inc. (NASDAQ:EQBK)‘s stock had its “buy” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a report issued on Tuesday. They presently have a $41.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 12.95% from the stock’s current price.

Several other research firms have also weighed in on EQBK. ValuEngine lowered Equity Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Sandler O’Neill began coverage on Equity Bancshares in a report on Wednesday, June 14th. They set a “buy” rating for the company. Finally, Cowen and Company assumed coverage on Equity Bancshares in a report on Wednesday, June 14th. They set a “market perform” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Equity Bancshares currently has an average rating of “Hold” and an average target price of $31.67.

Equity Bancshares (EQBK) traded up 1.54% during midday trading on Tuesday, reaching $36.30. 135,188 shares of the company’s stock were exchanged. Equity Bancshares has a 52 week low of $24.62 and a 52 week high of $38.03. The stock’s 50 day moving average is $34.28 and its 200 day moving average is $32.40. The firm has a market capitalization of $443.08 million, a P/E ratio of 27.25 and a beta of 1.13.

Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm 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, analysts expect that Equity Bancshares will post $1.96 EPS for the current fiscal year.

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In related news, CEO Brad S. Elliott sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief executive officer now directly owns 201,933 shares of the company’s stock, valued at approximately $6,865,722. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brad S. Elliott sold 4,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $34.00, for a total transaction of $136,000.00. Following the sale, the chief executive officer now directly owns 200,933 shares of the company’s stock, valued at $6,831,722. The disclosure for this sale can be found here. In the last three months, insiders sold 24,000 shares of company stock worth $816,000. Insiders own 14.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brandywine Global Investment Management LLC purchased a new position in Equity Bancshares in the second quarter valued at about $118,000. V Wealth Management LLC acquired a new position in shares of Equity Bancshares during the second quarter worth about $120,000. Nationwide Fund Advisors lifted its stake in shares of Equity Bancshares by 31.0% during the first quarter. Nationwide Fund Advisors now owns 4,157 shares of the bank’s stock worth $132,000 after purchasing an additional 984 shares in the last quarter. American International Group Inc. lifted its stake in shares of Equity Bancshares by 44.9% during the first quarter. American International Group Inc. now owns 4,202 shares of the bank’s stock worth $133,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Equity Bancshares during the first quarter worth about $164,000. Hedge funds and other institutional investors own 59.70% 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.

Analyst Recommendations for Equity Bancshares (NASDAQ:EQBK)

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