Insider Buying: Equity Bancshares (NYSE:EQBK) Director Purchases $91,860.00 in Stock

Key Points

• Director Donald Scott Rogerson bought 2,000 shares on April 29 at $45.93 each (total $91,860), raising his direct stake to 5,000 shares — a 66.7% increase — in a transaction disclosed to the SEC.
• Company and market snapshot: Equity Bancshares reported $1.32 EPS for the quarter (vs. $1.15 expected) with revenue slightly below estimates, its stock traded up 1.3% to $45.94, it has a market cap of about $964M and a 1.6% dividend yield, and the consensus analyst rating is "Hold" with an average target of $51.33.

Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report) Director Donald Scott Rogerson purchased 2,000 shares of Equity Bancshares stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of $45.93 per share, for a total transaction of $91,860.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $229,650. The trade was a 66.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Equity Bancshares Trading Up 1.3%

NYSE EQBK traded up $0.60 on Friday, reaching $45.94. The company had a trading volume of 54,150 shares, compared to its average volume of 111,008. The stock's 50 day moving average is $44.91 and its 200-day moving average is $44.56. The stock has a market cap of $964.18 million, a price-to-earnings ratio of 36.46 and a beta of 0.84. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.54. Equity Bancshares, Inc. has a 52 week low of $36.04 and a 52 week high of $50.07.

Equity Bancshares (NYSE:EQBK - Get Free Report) last issued its earnings results on Tuesday, April 14th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.17. The firm had revenue of $83.26 million for the quarter, compared to analysts' expectations of $85.24 million. Equity Bancshares had a return on equity of 13.43% and a net margin of 6.15%. Equities analysts predict that Equity Bancshares, Inc. will post 5.06 earnings per share for the current year.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.72 annualized dividend and a yield of 1.6%. Equity Bancshares's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EQBK shares. Piper Sandler upped their target price on shares of Equity Bancshares from $57.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. DA Davidson decreased their price target on shares of Equity Bancshares from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 16th. Weiss Ratings restated a "hold (c)" rating on shares of Equity Bancshares in a research report on Friday, March 27th. Wall Street Zen raised Equity Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $47.00 to $49.00 and gave the company a "market perform" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Equity Bancshares presently has a consensus rating of "Hold" and an average price target of $51.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in shares of Equity Bancshares during the third quarter worth $28,000. Osaic Holdings Inc. lifted its position in Equity Bancshares by 282.0% in the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company's stock valued at $28,000 after acquiring an additional 502 shares in the last quarter. Royal Bank of Canada lifted its position in Equity Bancshares by 132.0% in the 4th quarter. Royal Bank of Canada now owns 972 shares of the company's stock valued at $44,000 after acquiring an additional 553 shares in the last quarter. State of Wyoming acquired a new position in Equity Bancshares in the 2nd quarter worth $59,000. Finally, Tower Research Capital LLC TRC boosted its stake in Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $79,000 after purchasing an additional 1,347 shares during the period. Institutional investors own 71.80% of the company's stock.

Equity Bancshares Company Profile

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.

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