Insider Selling: Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Sells 307 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the 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 $13,366.78. Following the sale, the general counsel now directly owns 29,088 shares in the company, valued at $1,266,491.52. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Equity Bancshares Price Performance

EQBK traded down $0.46 during trading on Monday, reaching $43.15. The stock had a trading volume of 63,192 shares, compared to its average volume of 74,814. The stock has a market cap of $659.69 million, a PE ratio of 10.84 and a beta of 0.91. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85. 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 business has a 50-day moving average of $44.31 and a 200-day moving average of $42.34.

Equity Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. Equity Bancshares’s dividend payout ratio is presently 15.08%.

Institutional Trading of Equity Bancshares

Hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Equity Bancshares in the 4th quarter worth about $54,000. BNP Paribas Financial Markets increased its stake in shares of Equity Bancshares by 7.8% during the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after buying an additional 232 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Equity Bancshares in the 3rd quarter worth approximately $203,000. SG Americas Securities LLC increased its holdings in shares of Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock valued at $207,000 after acquiring an additional 2,150 shares during the period. Finally, Triune Financial Partners LLC acquired a new stake in Equity Bancshares in the third quarter valued at approximately $268,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson cut their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Stephens reduced their price objective 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. Hovde Group boosted their target price on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.00.

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.