U.S. may expand Nvidia and AMD’s 15% China chips deal to other companies
Brett A. Reber, the General Counsel of Equity Bancshares Inc . (NASDAQ:NYSE:EQBK), recently sold shares of the company’s Class A common stock. According to a filing with the Securities and Exchange Commission, Reber sold 202 shares at a price of $43.86 per share, totaling approximately $8,859. Following this transaction, Reber holds 29,395 shares in the company. The sale took place on January 28, 2025.
In other recent news, Equity Bancshares, a regional bank, has seen its price target adjusted by Stephens, lowering it to $49.00 from $52.00, while maintaining an Overweight rating on the stock. This adjustment follows Equity Bancshares’ Q4 2024 operating earnings per share (EPS) report, which exceeded the consensus estimate. However, the company’s pre-provision net revenue was reported to be somewhat soft due to increased expenses.
Equity Bancshares’ initiatives to boost loan and fee income are predicted to yield results in 2025, with management expressing confidence in organic growth opportunities. The company has exhibited impressive revenue growth of nearly 60% over the past year. The return of former executive Greg Kossover is expected to benefit Equity Bancshares, bringing a wealth of experience across various roles within the company.
Equity Bancshares demonstrated financial resilience, with nonaccrual loans dropping to 0.77% of total loans
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