Equity Bancshares, Inc. (NASDAQ:EQBK) COO Sells $156,400.00 in Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber sold 4,000 shares of Equity Bancshares stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total transaction of $156,400.00. Following the sale, the chief operating officer now owns 57,688 shares of the company’s stock, valued at approximately $2,255,600.80. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Equity Bancshares Price Performance

Shares of NASDAQ:EQBK opened at $39.71 on Friday. The firm has a fifty day moving average price of $38.44 and a 200 day moving average price of $42.30. Equity Bancshares, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $50.85. The firm has a market cap of $695.28 million, a price-to-earnings ratio of 9.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.51%. Equity Bancshares’s payout ratio is currently 15.27%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQBK. Janney Montgomery Scott started coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They set a “neutral” rating for the company. Stephens decreased their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Piper Sandler reduced their price target on Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price objective on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research report on Monday, April 7th. Finally, Hovde Group raised 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Equity Bancshares by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank’s stock worth $346,000 after purchasing an additional 322 shares during the period. Invesco Ltd. boosted its stake in shares of Equity Bancshares by 1.5% during the fourth quarter. Invesco Ltd. now owns 26,266 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 387 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Equity Bancshares by 3.0% in the 4th quarter. Legal & General Group Plc now owns 14,033 shares of the bank’s stock valued at $595,000 after acquiring an additional 414 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Equity Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank’s stock valued at $4,794,000 after purchasing an additional 721 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Equity Bancshares by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after acquiring an additional 991 shares in the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

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.