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 business’s stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $50.00 per share, with a total value of $100,000.00. Following the purchase, the director owned 10,103 shares of the company’s stock, valued at $505,150. This represents a 24.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

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

Equity Bancshares Price Performance

EQBK stock opened at $49.44 on Thursday. Equity Bancshares, Inc. has a 12-month low of $38.60 and a 12-month high of $52.27. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 29.60 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $49.73 and its two-hundred day moving average price is $46.97.

Equity Bancshares (NYSE:EQBK) last released its quarterly earnings results 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 company had revenue of $81.93 million during the quarter, compared to the consensus estimate of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.34%. As a group, equities analysts predict that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stephens boosted their price objective on shares of Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Benchmark assumed coverage on shares of Equity Bancshares in a research note on Wednesday, June 24th. They set a “buy” rating and a $57.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Finally, Wall Street Zen downgraded Equity Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Equity Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $54.17.

Institutional Trading of Equity Bancshares

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in shares of Equity Bancshares by 7,658.1% during the 2nd quarter. California State Teachers Retirement System now owns 988,618 shares of the company’s stock worth $48,432,000 after acquiring an additional 975,875 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Equity Bancshares in the 2nd quarter worth $36,000. Bank of New York Mellon Corp bought a new position in Equity Bancshares in the 2nd quarter worth $3,967,000. Bank of America Corp DE raised its holdings in Equity Bancshares by 98.7% in the 1st quarter. Bank of America Corp DE now owns 32,616 shares of the company’s stock worth $1,448,000 after purchasing an additional 16,200 shares during the period. Finally, Empowered Funds LLC lifted its position in Equity Bancshares by 8.4% during the first quarter. Empowered Funds LLC now owns 87,024 shares of the company’s stock valued at $3,865,000 after purchasing an additional 6,707 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors.

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.