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

Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber sold 317 shares of Equity Bancshares stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $43.54, for a total transaction of $13,802.18. Following the completion of the sale, the chief operating officer now owns 56,720 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link.

Equity Bancshares Price Performance

Shares of EQBK stock opened at $44.22 on Wednesday. Equity Bancshares, Inc. has a twelve month low of $30.44 and a twelve month high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $44.10 and a 200 day simple moving average of $42.39. The company has a market cap of $676.15 million, a P/E ratio of 11.11 and a beta of 0.91.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. Equity Bancshares’s payout ratio is currently 15.08%.

Hedge Funds Weigh In On Equity Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Equity Bancshares by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock valued at $14,735,000 after buying an additional 17,431 shares in the last quarter. State Street Corp boosted its holdings in shares of Equity Bancshares by 2.6% during the 3rd quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after acquiring an additional 8,103 shares in the last quarter. Foundry Partners LLC grew its position in Equity Bancshares by 13.8% during the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock worth $4,886,000 after acquiring an additional 14,540 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Equity Bancshares by 175.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock worth $4,590,000 after purchasing an additional 71,547 shares in the last quarter. Finally, Creative Planning raised its position in Equity Bancshares by 4.4% in the third quarter. Creative Planning now owns 80,133 shares of the bank’s stock valued at $3,276,000 after purchasing an additional 3,399 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson dropped their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Stephens dropped their price target 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. Keefe, Bruyette & Woods increased their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Hovde Group boosted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Two research 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 a consensus rating of “Moderate Buy” and an average price target of $48.00.

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.