Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Sells 307 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $43.54, for a total transaction of $13,366.78. Following the completion of the transaction, the general counsel now owns 29,088 shares of the company’s stock, valued at $1,266,491.52. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Equity Bancshares Stock Performance

Shares of EQBK stock traded down $0.46 during trading hours on Monday, reaching $43.15. 63,192 shares of the company’s stock were exchanged, compared to its average volume of 74,814. Equity Bancshares, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $50.85. The stock has a market capitalization of $659.69 million, a P/E ratio of 10.84 and a beta of 0.91. The business has a fifty day moving average price of $44.31 and a 200-day moving average price of $42.34. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Equity Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in shares of Equity Bancshares during the second quarter worth $322,000. SG Americas Securities LLC grew its holdings 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 buying an additional 2,150 shares in the last quarter. Creative Planning raised its position in Equity Bancshares by 4.4% in the 3rd quarter. Creative Planning now owns 80,133 shares of the bank’s stock valued at $3,276,000 after buying an additional 3,399 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Equity Bancshares in the 3rd quarter valued at approximately $203,000. Finally, Sippican Capital Advisors boosted its position in Equity Bancshares by 24.4% during the 3rd quarter. Sippican Capital Advisors now owns 17,667 shares of the bank’s stock worth $722,000 after acquiring an additional 3,462 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

About Equity Bancshares

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.