Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Sells $13,366.78 in Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was 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 of the company’s stock, valued at $1,266,491.52. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Equity Bancshares Price Performance

NASDAQ:EQBK opened at $43.96 on Thursday. The company has a market cap of $672.12 million, a P/E ratio of 11.04 and a beta of 0.91. The firm’s fifty day moving average price is $44.02 and its two-hundred day moving average price is $42.41. 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 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. Shareholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.36%. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Institutional Investors Weigh In On Equity Bancshares

A number of institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Equity Bancshares during the fourth quarter worth approximately $54,000. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 232 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Equity Bancshares during the 3rd quarter worth $203,000. SG Americas Securities LLC lifted its holdings 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 bought a new stake in shares of Equity Bancshares in the third quarter valued at about $268,000. Institutional investors own 71.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. 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 research note on Thursday, January 23rd. 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 note on Friday, January 24th. Finally, DA Davidson reduced their price target on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Two investment 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 presently has a consensus rating of “Moderate Buy” and a consensus 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.