Insider Buying: Equity Bancshares (NYSE:EQBK) Director Purchases $100,000.00 in Stock

Equity Bancshares, Inc. (NYSE:EQBK) Director Donald Scott Rogerson bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average cost of $50.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director owned 10,103 shares of the company’s stock, valued at approximately $505,150. The trade was a 24.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Donald Scott Rogerson also recently made the following trade(s):

• On Friday, July 31st, Donald Scott Rogerson bought 2,000 shares of Equity Bancshares stock. The shares were acquired at an average price of $50.25 per share, with a total value of $100,500.00.

Equity Bancshares Trading Up 0.1%

Equity Bancshares stock opened at $49.78 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 29.81 and a beta of 0.77. Equity Bancshares, Inc. has a 1 year low of $38.60 and a 1 year high of $52.27. The firm’s 50 day moving average price is $49.86 and its two-hundred day moving average price is $47.00.

Equity Bancshares (NYSE:EQBK) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. The company had revenue of $81.93 million during the quarter, compared to the consensus estimate of $85.10 million. Equity Bancshares had a return on equity of 13.34% and a net margin of 8.26%. On average, research analysts predict that Equity Bancshares, Inc. will post 5.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on EQBK. Benchmark assumed coverage on Equity Bancshares in a research report on Wednesday, June 24th. They issued a “buy” rating and a $57.00 price target for the company. Hovde Group started coverage on Equity Bancshares in a report on Wednesday, June 10th. They set a “market perform” rating and a $51.00 price objective on the stock. DA Davidson upped their price objective on shares of Equity Bancshares from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Equity Bancshares in a report on Monday, June 22nd. Finally, Wall Street Zen cut shares of Equity Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQBK. California State Teachers Retirement System raised its position in Equity Bancshares by 7,658.1% during the second quarter. California State Teachers Retirement System now owns 988,618 shares of the company’s stock valued at $48,432,000 after buying an additional 975,875 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Equity Bancshares during the 2nd quarter worth about $36,000. Bank of New York Mellon Corp acquired a new stake in Equity Bancshares during the 2nd quarter worth about $3,967,000. Bank of America Corp DE grew its stake in Equity Bancshares by 98.7% during the 1st quarter. Bank of America Corp DE now owns 32,616 shares of the company’s stock valued at $1,448,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Equity Bancshares by 8.4% during the 1st quarter. Empowered Funds LLC now owns 87,024 shares of the company’s stock valued at $3,865,000 after acquiring an additional 6,707 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Equity Bancshares Company Profile

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.