Somewhat Positive News Coverage Somewhat Unlikely to Impact Equity Bancshares (NASDAQ:EQBK) Share Price
News stories about Equity Bancshares (NASDAQ:EQBK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Bancshares earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.5270839679122 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Equity Bancshares (EQBK) traded up 0.09% during mid-day trading on Monday, hitting $34.48. The stock had a trading volume of 12,936 shares. The stock has a 50 day moving average of $32.49 and a 200-day moving average of $31.99. Equity Bancshares has a 1-year low of $20.77 and a 1-year high of $38.03. The firm has a market cap of $420.86 million, a P/E ratio of 25.89 and a beta of 1.11.
Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $25.16 million for the quarter. Equity Bancshares had a return on equity of 7.84% and a net margin of 15.31%. Analysts predict that Equity Bancshares will post $1.98 EPS for the current fiscal year.
A number of analysts have recently commented on EQBK shares. ValuEngine raised Equity Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Sandler O’Neill started coverage on Equity Bancshares in a research note on Wednesday, June 14th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 price objective on shares of Equity Bancshares in a research note on Wednesday, May 24th. FBR & Co reissued a “buy” rating and issued a $40.00 price objective on shares of Equity Bancshares in a research note on Friday, April 21st. Finally, Cowen and Company started coverage on Equity Bancshares in a research note on Wednesday, June 14th. They issued a “market perform” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Equity Bancshares has a consensus rating of “Hold” and an average price target of $30.33.
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In related news, EVP Scott A. Smits purchased 1,640 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $34.50 per share, with a total value of $56,580.00. Following the purchase, the executive vice president now directly owns 10,290 shares in the company, valued at approximately $355,005. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dan R. Bowers sold 11,379 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $31.99, for a total value of $364,014.21. Following the completion of the transaction, the director now directly owns 726 shares in the company, valued at approximately $23,224.74. The disclosure for this sale can be found here. In the last three months, insiders bought 9,150 shares of company stock worth $292,947. 14.90% of the stock is currently owned by company insiders.
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 through its network of over 30 branches located in Kansas and Missouri.
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