Equity BancShares Inc (NASDAQ:EQBK) Director Gary C. Allerheiligen purchased 1,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $14.25 per share, with a total value of $14,250.00. Following the purchase, the director now owns 11,750 shares in the company, valued at approximately $167,437.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of EQBK stock opened at $14.14 on Friday. The stock has a 50 day moving average of $15.53 and a two-hundred day moving average of $19.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. Equity BancShares Inc has a 12 month low of $12.49 and a 12 month high of $31.91. The company has a market capitalization of $214.29 million, a P/E ratio of 8.70 and a beta of 0.87.

Equity BancShares (NASDAQ:EQBK) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Equity BancShares had a return on equity of 5.37% and a net margin of 12.28%. The firm had revenue of $38.62 million during the quarter, compared to the consensus estimate of $38.21 million. Sell-side analysts predict that Equity BancShares Inc will post 1.12 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the business. Strs Ohio lifted its position in shares of Equity BancShares by 64.9% in the 2nd quarter. Strs Ohio now owns 31,000 shares of the bank’s stock worth $540,000 after acquiring an additional 12,200 shares during the period. SG Americas Securities LLC acquired a new position in shares of Equity BancShares in the 2nd quarter worth approximately $137,000. Wealth Alliance Advisory Group LLC raised its holdings in shares of Equity BancShares by 4.7% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 72,647 shares of the bank’s stock worth $1,267,000 after buying an additional 3,250 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Equity BancShares by 41.7% in the 1st quarter. Invesco Ltd. now owns 24,147 shares of the bank’s stock worth $416,000 after buying an additional 7,108 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Equity BancShares by 11.8% in the 1st quarter. Wells Fargo & Company MN now owns 33,766 shares of the bank’s stock worth $582,000 after buying an additional 3,567 shares in the last quarter. Institutional investors own 66.55% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. ValuEngine upgraded Equity BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. BidaskClub downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, May 5th. Stephens increased their target price on Equity BancShares from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, DA Davidson downgraded Equity BancShares from a “buy” rating to a “neutral” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

About Equity BancShares

Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

Further Reading: How is the discount rate different from the Federal Funds rate?

Receive News & Ratings for Equity BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity BancShares and related companies with MarketBeat.com's FREE daily email newsletter.