Equity Bancshares, Inc. (NASDAQ:EQBK) CEO Sells $1,007,912.64 in Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the transaction, the chief executive officer now owns 151,616 shares in the company, valued at approximately $6,161,674.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Equity Bancshares Stock Performance

Equity Bancshares stock traded up $0.75 during trading on Tuesday, hitting $41.20. The stock had a trading volume of 65,585 shares, compared to its average volume of 51,092. Equity Bancshares, Inc. has a 1 year low of $22.78 and a 1 year high of $41.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $34.81 and its two-hundred day moving average is $33.58. The stock has a market cap of $628.42 million, a price-to-earnings ratio of 68.67 and a beta of 0.90.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.17%. Equity Bancshares’s payout ratio is 80.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQBK. Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Piper Sandler boosted their target price on Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. Finally, Stephens boosted their target price on Equity Bancshares from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.00.

Hedge Funds Weigh In On Equity Bancshares

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Equity Bancshares by 1.7% during the fourth quarter. Federated Hermes Inc. now owns 18,425 shares of the bank’s stock worth $625,000 after acquiring an additional 302 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Equity Bancshares during the first quarter worth $42,000. Denali Advisors LLC lifted its position in shares of Equity Bancshares by 25.5% during the fourth quarter. Denali Advisors LLC now owns 6,400 shares of the bank’s stock worth $217,000 after acquiring an additional 1,300 shares in the last quarter. Rocky Mountain Advisers LLC purchased a new stake in shares of Equity Bancshares during the fourth quarter worth $69,000. Finally, SG Americas Securities LLC lifted its position in shares of Equity Bancshares by 31.7% during the fourth quarter. SG Americas Securities LLC now owns 8,978 shares of the bank’s stock worth $304,000 after acquiring an additional 2,162 shares in the last quarter. Hedge funds and other 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.