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Equity Bancshares INC (NASDAQ:NYSE:EQBK), a $767 million market cap regional bank with a solid financial health score of GOOD according to InvestingPro, saw its Chief Information Officer David Pass sell 145 shares of Class A Common Stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $39.21, for a total transaction value of $5,685.
Following the transaction, Pass directly owns 6,852 shares of Equity Bancshares.
The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units.
In other recent news, Equity Bancshares reported its second-quarter 2025 earnings, which did not meet expectations. The company posted earnings per share of $0.86, below the projected $0.888, and reported revenue of $58.39 million, falling short of the expected $60.46 million. Despite the earnings miss, Equity Bancshares recently completed a $75 million offering of subordinated notes, with a fixed-to-floating rate set to mature in 2035. The notes were issued through a private placement, indicating a strategic move to strengthen financial positioning.
Additionally, Keefe, Bruyette & Woods raised its price target for Equity Bancshares to $45.00, citing positive elements in the company’s earnings report, such as lower provisions and tax rates. DA Davidson also increased its price target for the company from $39.00 to $44.00, despite noting that revenue was below forecast. The firm’s decision was influenced by lower credit and tax costs that helped boost earnings per share. These developments reflect a mixed outlook for the company, with analysts adjusting their expectations based on recent financial results and strategic actions.
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