Equity BancShares Inc (NASDAQ:EQBK) Director Gregory L. Gaeddert purchased 1,000 shares of Equity BancShares stock in a transaction on Tuesday, July 28th. The shares were acquired at an average cost of $14.05 per share, for a total transaction of $14,050.00. Following the purchase, the director now owns 14,943 shares in the company, valued at $209,949.15. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ EQBK opened at $14.10 on Friday. Equity BancShares Inc has a 12-month low of $12.49 and a 12-month high of $31.91. The company has a market cap of $217.48 million, a P/E ratio of 8.83 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $15.61 and a 200 day moving average price of $19.71.

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in EQBK. Great West Life Assurance Co. Can acquired a new stake in Equity BancShares in the 4th quarter valued at $44,000. Citigroup Inc. increased its holdings in Equity BancShares by 35.1% in the 1st quarter. Citigroup Inc. now owns 4,348 shares of the bank’s stock valued at $75,000 after purchasing an additional 1,130 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Equity BancShares by 163.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,649 shares of the bank’s stock valued at $80,000 after purchasing an additional 2,886 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Equity BancShares in the 2nd quarter valued at $137,000. Finally, Deutsche Bank AG increased its holdings in Equity BancShares by 93.0% in the 1st quarter. Deutsche Bank AG now owns 9,569 shares of the bank’s stock valued at $165,000 after purchasing an additional 4,611 shares in the last quarter. Hedge funds and other institutional investors own 66.55% of the company’s stock.

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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