Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber Sells 317 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber sold 317 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $43.54, for a total transaction of $13,802.18. Following the completion of the transaction, the chief operating officer now owns 56,720 shares in the company, valued at approximately $2,469,588.80. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Equity Bancshares Trading Down 1.0 %

NASDAQ EQBK opened at $43.15 on Tuesday. The firm’s fifty day simple moving average is $44.19 and its 200-day simple moving average is $42.36. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85. The company has a market capitalization of $659.69 million, a PE ratio of 10.84 and a beta of 0.91.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, December 31st. Equity Bancshares’s payout ratio is presently 15.08%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EQBK. DA Davidson reduced their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group upped their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Stephens reduced their price objective on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Institutional Investors Weigh In On Equity Bancshares

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in Equity Bancshares in the 4th quarter valued at $54,000. BNP Paribas Financial Markets raised its position in Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Equity Bancshares in the third quarter valued at about $203,000. SG Americas Securities LLC lifted its position in shares of Equity Bancshares by 74.1% during the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after purchasing an additional 2,150 shares in the last quarter. Finally, Triune Financial Partners LLC acquired a new position in Equity Bancshares during the 3rd quarter worth $268,000. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.