Brett A. Reber Sells 307 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $43.54, for a total value of $13,366.78. Following the transaction, the general counsel now directly owns 29,088 shares in the company, valued at approximately $1,266,491.52. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Equity Bancshares Price Performance

Shares of Equity Bancshares stock opened at $44.22 on Wednesday. The company’s fifty day simple moving average is $44.10 and its two-hundred day simple moving average is $42.39. Equity Bancshares, Inc. has a 12-month low of $30.44 and a 12-month high of $50.85. The firm has a market cap of $676.15 million, a PE ratio of 11.11 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Dividend Announcement

The firm also recently announced 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 was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. Equity Bancshares’s payout ratio is presently 15.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EQBK. AQR Capital Management LLC bought a new stake in shares of Equity Bancshares in the 2nd quarter worth approximately $322,000. SG Americas Securities LLC lifted its stake in Equity Bancshares by 74.1% in the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after acquiring an additional 2,150 shares during the period. Creative Planning lifted its stake in Equity Bancshares by 4.4% in the third quarter. Creative Planning now owns 80,133 shares of the bank’s stock worth $3,276,000 after acquiring an additional 3,399 shares during the period. Foundations Investment Advisors LLC bought a new stake in Equity Bancshares in the third quarter valued at $203,000. Finally, Sippican Capital Advisors increased its position in Equity Bancshares by 24.4% during the 3rd quarter. Sippican Capital Advisors now owns 17,667 shares of the bank’s stock valued at $722,000 after purchasing an additional 3,462 shares during the period. Institutional investors own 71.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Hovde Group boosted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. DA Davidson lowered their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Stephens reduced their price objective on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.