Equity BancShares Inc (EQBK) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Equity BancShares Inc (NASDAQ:EQBK) from a hold rating to a sell rating in a research report released on Friday morning.

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 brokerages have also commented on EQBK. Stephens lowered Equity BancShares from an overweight rating to an equal weight rating in a research note on Wednesday, December 21st. FBR & Co reaffirmed an outperform rating and issued a $40.00 price target on shares of Equity BancShares in a research note on Tuesday, January 10th.

Equity BancShares (NASDAQ:EQBK) traded up 1.32% on Friday, hitting $31.50. 42,262 shares of the stock traded hands. Equity BancShares has a 12-month low of $19.81 and a 12-month high of $38.03. The firm’s 50-day moving average price is $31.50 and its 200-day moving average price is $31.20. The stock has a market cap of $369.05 million, a price-to-earnings ratio of 29.44 and a beta of 1.19.

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In other Equity BancShares news, EVP Julie A. Huber sold 14,700 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $33.76, for a total value of $496,272.00. Following the completion of the transaction, the executive vice president now directly owns 65,176 shares of the company’s stock, valued at $2,200,341.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shawn David Penner sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $32.55, for a total value of $65,100.00. Following the completion of the transaction, the director now directly owns 130,895 shares of the company’s stock, valued at $4,260,632.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,393 shares of company stock valued at $981,541. 29.53% of the stock is currently owned by corporate insiders.

Equity BancShares Company Profile

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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