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Julie A. Huber, Chief Operating Officer and Executive Vice President of Equity Bancshares Inc . (NASDAQ:NYSE:EQBK), recently reported a sale of company stock. According to the SEC filing, Huber sold 1,024 shares of Class A Common Stock on February 27, 2025, at a price of $42.80 per share, totaling $43,827. The transaction occurred near the current trading price of $42.54, with InvestingPro analysis indicating the stock is currently undervalued, supported by analyst targets ranging from $46 to $57.
In addition to the sale, Huber acquired 1,126 shares of Class A Common Stock at no cost, as part of the vesting of performance shares. Following these transactions, Huber holds 61,688 shares of the company directly. The $739.3M market cap company maintains a FAIR financial health score according to InvestingPro metrics, with a modest 1.4% dividend yield and attractive P/E ratio of 10.56.
These transactions are part of routine disclosures required by the SEC, providing transparency into insider trading activities. For deeper insights into EQBK’s valuation and performance metrics, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Equity Bancshares reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) reaching $1.04, surpassing the anticipated $0.91. The company also exceeded revenue forecasts, reporting $58.29 million against the expected $55.96 million. Stephens, an analyst firm, responded by adjusting the price target for Equity Bancshares to $49.00, down from $52.00, while maintaining an Overweight rating, indicating continued confidence in the company’s strategic direction. Additionally, Equity Bancshares amended its loan agreement with ServisFirst Bank, extending the maturity date of its credit facility to February 10, 2026, which reflects ongoing financial stability and flexibility.
In a strategic move, Equity Bancshares appointed Gregory H. Kossover as Executive Vice President of Capital Markets, marking his return to the company with a focus on enhancing capital market operations. Kossover’s extensive experience is expected to benefit the company’s growth initiatives. The company has also been active in mergers and acquisitions, having completed two bank acquisitions recently, which contributed to its growth in loan and deposit portfolios. Analysts at Stephens anticipate potential future acquisitions, leveraging the capital raised in the last quarter.
Equity Bancshares demonstrated strong performance metrics, with net interest income increasing to $49.5 million and a net interest margin expansion to 4.17%. The company’s loan portfolio grew by 5% year-over-year, reaching $3.5 billion, and its deposit portfolio also increased by 5%, totaling $4.4 billion. These developments highlight Equity Bancshares’ robust financial management and strategic growth plans, supported by a solid capital structure and experienced leadership team.
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