Insider Selling: Equity Bancshares, Inc. (NASDAQ:EQBK) COO Sells 317 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBKGet Free Report) COO Julie A. Huber sold 317 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,469,588.80. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Equity Bancshares Trading Down 1.0 %

Shares of NASDAQ:EQBK traded down $0.46 during trading hours on Monday, hitting $43.15. 63,192 shares of the company’s stock traded hands, compared to its average volume of 74,814. The firm has a market capitalization of $659.69 million, a P/E ratio of 10.84 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. The business has a fifty day moving average price of $44.31 and a 200-day moving average price of $42.34. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, December 31st. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EQBK. Stephens cut 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 report on Friday, January 24th. Hovde Group increased their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. DA Davidson lowered their price objective on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Get Our Latest Analysis on EQBK

Institutional Investors Weigh In On Equity Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Equity Bancshares during the 4th quarter worth about $54,000. BNP Paribas Financial Markets lifted its stake in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in Equity Bancshares during the 3rd quarter worth about $203,000. SG Americas Securities LLC grew its position in shares of 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 buying an additional 2,150 shares in the last quarter. Finally, Triune Financial Partners LLC acquired a new position in Equity Bancshares in the third quarter valued at approximately $268,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Equity Bancshares (NASDAQ:EQBK)

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