Insider Buying: Equity Bancshares (NYSE:EQBK) Director Buys $100,000.00 in Stock

Key Points

• Director Donald Scott Rogerson bought 2,000 Equity Bancshares shares at $50 each, a $100,000 purchase that increased his direct holdings by 24.68% to 10,103 shares. He also purchased $100,500 of stock in late July.
• EQBK shares recently fell 0.7% to $49.44, while the company reported quarterly EPS of $1.41, beating analyst expectations of $1.24; revenue of $81.93 million came in below estimates.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $54.17 price target. Institutional investors and hedge funds own 71.8% of the company.

Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report) Director Donald Scott Rogerson acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average price of $50.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director directly owned 10,103 shares in the company, valued at $505,150. This trade represents a 24.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Donald Scott Rogerson also recently made the following trade(s):

• On Friday, July 31st, Donald Scott Rogerson purchased 2,000 shares of Equity Bancshares stock. The stock was bought at an average cost of $50.25 per share, for a total transaction of $100,500.00.

Equity Bancshares Stock Down 0.7%

Shares of Equity Bancshares stock traded down $0.33 on Wednesday, hitting $49.44. The company had a trading volume of 75,259 shares, compared to its average volume of 114,781. The firm has a market capitalization of $1.02 billion, a P/E ratio of 29.60 and a beta of 0.77. Equity Bancshares, Inc. has a twelve month low of $38.60 and a twelve month high of $52.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50-day moving average of $49.67 and a 200-day moving average of $46.96.

Equity Bancshares (NYSE:EQBK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.17. The business had revenue of $81.93 million for the quarter, compared to analyst estimates of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.34%. Research analysts predict that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. HB Wealth Management LLC bought a new stake in Equity Bancshares in the first quarter valued at approximately $1,585,000. Kennedy Capital Management LLC boosted its stake in shares of Equity Bancshares by 37.2% during the 4th quarter. Kennedy Capital Management LLC now owns 279,264 shares of the company's stock worth $12,469,000 after acquiring an additional 75,785 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Equity Bancshares by 310.3% during the 1st quarter. Hsbc Holdings PLC now owns 28,042 shares of the company's stock worth $1,245,000 after acquiring an additional 21,207 shares during the period. WCG Wealth Advisors LLC acquired a new position in shares of Equity Bancshares during the 4th quarter worth approximately $777,000. Finally, MQS Management LLC acquired a new position in shares of Equity Bancshares during the 1st quarter worth approximately $286,000. 71.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQBK. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Wall Street Zen cut Equity Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Piper Sandler reaffirmed an "overweight" rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Stephens lifted their price objective on shares of Equity Bancshares from $58.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Finally, Benchmark initiated coverage on shares of Equity Bancshares in a research report on Wednesday, June 24th. They issued a "buy" rating and a $57.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Equity Bancshares presently has an average rating of "Moderate Buy" and a consensus price target of $54.17.

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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