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 the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $43.54, for a total value of $13,802.18. Following the completion of the transaction, the chief operating officer now owns 56,720 shares of the company’s stock, valued at approximately $2,469,588.80. This represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equity Bancshares Stock Down 0.6 %

Shares of NASDAQ EQBK opened at $43.96 on Thursday. The firm’s 50 day moving average price is $44.02 and its 200 day moving average price is $42.41. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $672.12 million, a P/E ratio of 11.04 and a beta of 0.91. Equity Bancshares, Inc. has a 1 year low of $30.44 and a 1 year high of $50.85.

Equity Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson reduced their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Hovde Group raised their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research 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 on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Equity Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Hedge Funds Weigh In On Equity Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Equity Bancshares in the 4th quarter valued at about $54,000. BNP Paribas Financial Markets boosted its position in shares of Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after acquiring an additional 232 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in Equity Bancshares in the third quarter valued at approximately $203,000. SG Americas Securities LLC increased its position in 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 during the last quarter. Finally, Triune Financial Partners LLC purchased a new position in Equity Bancshares during the third quarter worth approximately $268,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.