Equity Bancshares (EQBK) Receiving Somewhat Positive News Coverage, Analysis Finds
News articles about Equity Bancshares (NASDAQ:EQBK) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Equity Bancshares earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.8705684768315 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts recently weighed in on EQBK shares. Sandler O’Neill started coverage on shares of Equity Bancshares in a research report on Wednesday, June 14th. They set a “buy” rating for the company. Cowen and Company started coverage on shares of Equity Bancshares in a research report on Wednesday, June 14th. They set a “market perform” rating and a $14.00 price target for the company. Finally, ValuEngine upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Equity Bancshares has a consensus rating of “Hold” and an average target price of $30.33.
Equity Bancshares (EQBK) traded up 0.88% during trading on Friday, reaching $35.58. 74,242 shares of the company traded hands. The company’s 50-day moving average price is $34.15 and its 200 day moving average price is $32.21. Equity Bancshares has a 52 week low of $23.94 and a 52 week high of $38.03. The firm has a market capitalization of $434.29 million, a price-to-earnings ratio of 26.71 and a beta of 1.12.
Equity Bancshares (NASDAQ:EQBK) last issued its earnings results on Friday, July 21st. The bank reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Equity Bancshares had a return on equity of 7.41% and a net margin of 15.31%. The business had revenue of $25.16 million during the quarter. On average, equities research analysts expect that Equity Bancshares will post $1.96 EPS for the current year.
In other Equity Bancshares news, CEO Brad S. Elliott sold 10,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the completion of the transaction, the chief executive officer now owns 201,933 shares of the company’s stock, valued at approximately $6,865,722. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wendell Bontrager bought 2,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was acquired at an average cost of $34.39 per share, with a total value of $68,780.00. Following the transaction, the insider now owns 5,984 shares in the company, valued at approximately $205,789.76. The disclosure for this purchase can be found here. In the last three months, insiders sold 24,000 shares of company stock valued at $816,000. 14.90% of the stock is owned by insiders.
About Equity Bancshares
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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