Equity Bancshares, Inc. (NASDAQ:EQBK) Director Acquires $56,875.59 in Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) Director Leon Borck bought 1,467 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the acquisition, the director now directly owns 11,941 shares in the company, valued at $462,952.57. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock opened at $41.73 on Monday. The business’s fifty day simple moving average is $39.41 and its 200 day simple moving average is $35.58. The firm has a market capitalization of $636.51 million, a P/E ratio of 69.55 and a beta of 0.90. Equity Bancshares, Inc. has a 12 month low of $22.78 and a 12 month high of $42.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75.

Equity Bancshares (NASDAQ:EQBK) last announced its earnings results on Tuesday, July 16th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. The firm had revenue of $55.43 million during the quarter, compared to analyst estimates of $54.56 million. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. As a group, analysts anticipate that Equity Bancshares, Inc. will post 4.01 EPS for the current year.

Equity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.15 per share. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, September 30th. Equity Bancshares’s dividend payout ratio is currently 100.00%.

Institutional Investors Weigh In On Equity Bancshares

A number of hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in shares of Equity Bancshares during the 1st quarter worth $42,000. BNP Paribas Financial Markets lifted its holdings in Equity Bancshares by 97.0% during the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock valued at $247,000 after purchasing an additional 3,541 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Equity Bancshares during the fourth quarter worth about $271,000. Quadrature Capital Ltd bought a new position in Equity Bancshares during the fourth quarter worth about $322,000. Finally, AQR Capital Management LLC purchased a new position in shares of Equity Bancshares in the second quarter worth about $322,000. Institutional investors own 71.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler increased their price objective on Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. Keefe, Bruyette & Woods increased their price target on Equity Bancshares from $38.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, July 18th. Finally, Stephens lifted their price objective on shares of Equity Bancshares from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

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.