Equity BancShares Inc (NASDAQ:EQBK) Director Gary C. Allerheiligen Purchases 1,000 Shares
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 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.
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