Equity Bancshares (NYSE:EQBK) Director Donald Scott Rogerson Buys 2,000 Shares

Equity Bancshares, Inc. (NYSE:EQBK) Director Donald Scott Rogerson purchased 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $45.93 per share, with a total value of $91,860.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at $229,650. The trade was a 66.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equity Bancshares Price Performance

Shares of NYSE EQBK opened at $45.94 on Friday. Equity Bancshares, Inc. has a twelve month low of $36.04 and a twelve month high of $50.07. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $964.18 million, a price-to-earnings ratio of 36.46 and a beta of 0.78. The firm has a 50-day moving average of $44.91 and a two-hundred day moving average of $44.56.

Equity Bancshares (NYSE:EQBK) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.17. Equity Bancshares had a net margin of 6.15% and a return on equity of 13.43%. The company had revenue of $83.26 million during the quarter, compared to the consensus estimate of $85.24 million. As a group, analysts expect that Equity Bancshares, Inc. will post 5.06 earnings per share for the current fiscal year.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. Equity Bancshares’s dividend payout ratio is currently 57.14%.

Institutional Investors Weigh In On Equity Bancshares

Several hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in Equity Bancshares by 0.7% in the 4th quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company’s stock worth $2,306,000 after acquiring an additional 381 shares in the last quarter. Intech Investment Management LLC increased its position in Equity Bancshares by 5.6% in the 3rd quarter. Intech Investment Management LLC now owns 7,306 shares of the company’s stock worth $297,000 after purchasing an additional 388 shares during the last quarter. Mariner LLC increased its position in Equity Bancshares by 5.4% in the 4th quarter. Mariner LLC now owns 9,516 shares of the company’s stock worth $425,000 after purchasing an additional 486 shares during the last quarter. Osaic Holdings Inc. increased its position in Equity Bancshares by 282.0% in the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after purchasing an additional 502 shares during the last quarter. Finally, CWM LLC increased its position in Equity Bancshares by 20.2% in the 4th quarter. CWM LLC now owns 3,252 shares of the company’s stock worth $145,000 after purchasing an additional 547 shares during the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Bancshares in a research note on Friday, March 27th. Keefe, Bruyette & Woods upped their price objective on shares of Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Piper Sandler upped their price objective on shares of Equity Bancshares from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Wall Street Zen raised shares of Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, DA Davidson reduced their price objective on Equity Bancshares from $48.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.33.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.