Equity Bancshares (NYSE:EQBK) Director Donald Scott Rogerson Acquires 2,000 Shares of Stock

Equity Bancshares, Inc. (NYSE:EQBK) Director Donald Scott Rogerson bought 2,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $50.25 per share, for a total transaction of $100,500.00. Following the completion of the acquisition, the director directly owned 8,103 shares of the company’s stock, valued at $407,175.75. This trade represents a 32.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Equity Bancshares Trading Up 0.6%

NYSE EQBK opened at $50.99 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $48.33 and a 200-day simple moving average of $46.49. Equity Bancshares, Inc. has a one year low of $36.21 and a one year high of $51.73. The firm has a market capitalization of $1.05 billion, a PE ratio of 30.53 and a beta of 0.77.

Equity Bancshares (NYSE:EQBK) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.17. The business had revenue of $81.93 million during the quarter, compared to analyst estimates of $85.10 million. Equity Bancshares had a return on equity of 13.67% and a net margin of 8.26%. On average, equities analysts forecast that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.72 annualized dividend and a yield of 1.4%. Equity Bancshares’s dividend payout ratio is presently 43.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EQBK. Cubist Systematic Strategies LLC acquired a new stake in Equity Bancshares during the 1st quarter valued at $145,000. AQR Capital Management LLC boosted its position in Equity Bancshares by 334.7% during the first quarter. AQR Capital Management LLC now owns 48,038 shares of the company’s stock valued at $1,893,000 after purchasing an additional 36,987 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Equity Bancshares by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,679 shares of the company’s stock worth $381,000 after purchasing an additional 1,521 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Equity Bancshares by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 90,037 shares of the company’s stock worth $3,547,000 after purchasing an additional 17,196 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Equity Bancshares by 5.4% during the 1st quarter. Empowered Funds LLC now owns 61,768 shares of the company’s stock valued at $2,434,000 after buying an additional 3,187 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EQBK. Weiss Ratings raised shares of Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Benchmark began coverage on Equity Bancshares in a research report on Wednesday, June 24th. They set a “buy” rating and a $57.00 price target on the stock. Stephens upped their price objective on Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equity Bancshares in a report on Monday, June 22nd. Finally, DA Davidson raised their price objective on shares of Equity Bancshares from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.17.

About Equity Bancshares

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.