Zacks Investment Research downgraded shares of Equity BancShares Inc (NASDAQ:EQBK) from a hold rating to a sell rating in a report published on Friday.
According to Zacks, “Equity Bancshares, Inc. operates as a bank holding company primarily in Kansas and Missouri. The company provides financial services primarily to businesses, business owners and individuals. It offers certificates of deposits, individual retirement and money market accounts, home equity lines of credit, credit cards, mortgages, treasury management, personal and business loans, investment services. Equity Bancshares, Inc. is headquartered in Wichita, Kansas. “
Several other analysts have also issued reports on the stock. FBR & Co restated an outperform rating and issued a $40.00 price target on shares of Equity BancShares in a research report on Tuesday, January 10th. Stephens lowered shares of Equity BancShares from an overweight rating to an equal weight rating in a research report on Wednesday, December 21st.
Shares of Equity BancShares (NASDAQ:EQBK) opened at 31.16 on Friday. The firm has a 50 day moving average of $32.52 and a 200 day moving average of $30.59. Equity BancShares has a 52 week low of $19.81 and a 52 week high of $38.03. The firm has a market cap of $365.07 million, a price-to-earnings ratio of 29.12 and a beta of 1.19.
In other Equity BancShares news, Director Shawn David Penner sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $32.55, for a total value of $65,100.00. Following the sale, the director now directly owns 130,895 shares in the company, valued at approximately $4,260,632.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rolando Mayans sold 3,252 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $33.87, for a total transaction of $110,145.24. Following the completion of the sale, the executive vice president now owns 14,693 shares in the company, valued at $497,651.91. The disclosure for this sale can be found here. Insiders sold a total of 29,393 shares of company stock worth $981,541 over the last 90 days. Company insiders own 29.53% of the company’s stock.
About Equity BancShares
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals. As of November 10, 2016, the Company operated through 34 branches located in Kansas, Missouri and Arkansas.
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