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

Equity Bancshares, Inc. (NYSE:EQBK) Director Donald Scott Rogerson bought 2,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $50.25 per share, for a total transaction of $100,500.00. Following the completion of the purchase, the director directly owned 8,103 shares in the company, valued at approximately $407,175.75. The trade was a 32.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Equity Bancshares Stock Up 1.1%

EQBK stock opened at $51.56 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. Equity Bancshares, Inc. has a 1-year low of $36.31 and a 1-year high of $51.85. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 30.87 and a beta of 0.77. The company’s 50 day moving average is $48.44 and its 200 day moving average is $46.53.

Equity Bancshares (NYSE:EQBK) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.17. The firm had revenue of $81.93 million for the quarter, compared to analyst estimates of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. Sell-side analysts predict that Equity Bancshares, Inc. will post 5.18 EPS for the current fiscal year.

Equity Bancshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. DA Davidson upped their price objective on Equity Bancshares from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Weiss Ratings raised shares of Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Benchmark assumed coverage on shares of Equity Bancshares in a research report on Wednesday, June 24th. They issued a “buy” rating and a $57.00 target price on the stock. Finally, Piper Sandler restated an “overweight” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.17.

Institutional Investors Weigh In On Equity Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Patriot Financial Partners GP II L.P. purchased a new position in shares of Equity Bancshares during the third quarter valued at approximately $49,541,000. FJ Capital Management LLC boosted its holdings in Equity Bancshares by 8.6% in the third quarter. FJ Capital Management LLC now owns 1,222,791 shares of the company’s stock valued at $49,768,000 after acquiring an additional 96,695 shares in the last quarter. Kennedy Capital Management LLC increased its position in Equity Bancshares by 37.2% during the 4th quarter. Kennedy Capital Management LLC now owns 279,264 shares of the company’s stock valued at $12,469,000 after purchasing an additional 75,785 shares during the period. First Trust Advisors LP purchased a new position in Equity Bancshares during the 3rd quarter valued at $1,933,000. Finally, Osaic Holdings Inc. raised its stake in Equity Bancshares by 16,290.5% in the fourth quarter. Osaic Holdings Inc. now owns 46,713 shares of the company’s stock worth $2,086,000 after buying an additional 46,428 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

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.