Equity Bancshares, Inc. (NASDAQ:EQBK – Get Rating) CFO Eric R. Newell bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average cost of $26.80 per share, with a total value of $26,800.00. Following the completion of the transaction, the chief financial officer now directly owns 42,522 shares in the company, valued at $1,139,589.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Equity Bancshares Stock Performance
Shares of EQBK opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $30.35 and a two-hundred day moving average price of $32.30. The firm has a market capitalization of $386.89 million, a P/E ratio of 6.96 and a beta of 0.78. Equity Bancshares, Inc. has a 52 week low of $24.36 and a 52 week high of $38.04.
Equity Bancshares (NASDAQ:EQBK – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). The company had revenue of $50.36 million for the quarter, compared to the consensus estimate of $50.89 million. Equity Bancshares had a return on equity of 14.55% and a net margin of 25.73%. Equities analysts forecast that Equity Bancshares, Inc. will post 3.2 earnings per share for the current fiscal year.
Analyst Ratings Changes
Institutional Trading of Equity Bancshares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Global Investments increased its holdings in Equity Bancshares by 2.1% during the 3rd quarter. Summit Global Investments now owns 13,475 shares of the bank’s stock worth $399,000 after purchasing an additional 275 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Equity Bancshares by 40.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,113 shares of the bank’s stock valued at $36,000 after acquiring an additional 320 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Equity Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,747 shares of the bank’s stock valued at $315,000 after acquiring an additional 352 shares in the last quarter. American International Group Inc. grew its holdings in shares of Equity Bancshares by 7.1% in the second quarter. American International Group Inc. now owns 7,191 shares of the bank’s stock valued at $210,000 after acquiring an additional 478 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Equity Bancshares by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,374 shares of the bank’s stock valued at $1,319,000 after acquiring an additional 570 shares in the last quarter. 59.73% of the stock is owned by institutional investors.
About Equity Bancshares
Equity Bancshares, Inc is a bank holding company, which engages in the provision of financial services to individuals and businesses. The firm also offers commercial and personal banking services such as savings, treasury management and loans. The company was founded by Brad S. Elliott in November 2002 and is headquartered in Wichita, KS.
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