Julie A. Huber Sells 317 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber sold 317 shares of Equity Bancshares stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $43.54, for a total transaction of $13,802.18. Following the completion of the sale, the chief operating officer now owns 56,720 shares in the company, valued at $2,469,588.80. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Equity Bancshares Trading Up 2.8 %

EQBK stock opened at $44.22 on Wednesday. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85. The stock has a market cap of $676.15 million, a price-to-earnings ratio of 11.11 and a beta of 0.91. The company has a fifty day moving average price of $44.10 and a two-hundred day moving average price of $42.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. 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 1.36%. Equity Bancshares’s dividend payout ratio (DPR) is currently 15.08%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EQBK shares. DA Davidson dropped their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens decreased their target price 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. Finally, Hovde Group upped their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQBK. R Squared Ltd bought a new stake in shares of Equity Bancshares during the fourth quarter worth approximately $54,000. BNP Paribas Financial Markets lifted its holdings in Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after purchasing an additional 232 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Equity Bancshares in the 3rd quarter valued at $203,000. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 2,150 shares during the period. Finally, Triune Financial Partners LLC bought a new position in Equity Bancshares during the 3rd quarter worth $268,000. 71.80% of the stock is owned by 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.