Equity Bancshares (NYSE:EQBK) COO Sells $112,310.64 in Stock

Equity Bancshares, Inc. (NYSE:EQBK) COO Julie Huber sold 2,197 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $51.12, for a total transaction of $112,310.64. Following the sale, the chief operating officer directly owned 62,009 shares of the company’s stock, valued at $3,169,900.08. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Equity Bancshares Stock Down 0.2%

Shares of NYSE EQBK opened at $50.61 on Friday. The company has a market capitalization of $1.04 billion, a P/E ratio of 30.31 and a beta of 0.77. Equity Bancshares, Inc. has a 52-week low of $36.04 and a 52-week high of $51.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50 day moving average price is $48.23 and its 200-day moving average price is $46.45.

Equity Bancshares (NYSE:EQBK) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. The company had revenue of $81.93 million for the quarter, compared to analyst estimates of $85.10 million. Equities analysts forecast that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.

Equity Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Equity Bancshares’s dividend payout ratio is 43.11%.

Institutional Investors Weigh In On Equity Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in shares of Equity Bancshares by 0.6% during the first quarter. First Trust Advisors LP now owns 48,621 shares of the company’s stock valued at $2,159,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Equity Bancshares by 0.7% in the 4th quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company’s stock valued at $2,306,000 after buying an additional 381 shares during the period. Intech Investment Management LLC grew its stake in shares of Equity Bancshares by 5.6% in the 3rd quarter. Intech Investment Management LLC now owns 7,306 shares of the company’s stock valued at $297,000 after buying an additional 388 shares during the period. 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 valued at $425,000 after buying an additional 486 shares in the last quarter. Finally, 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 valued at $28,000 after buying an additional 502 shares in the last quarter. 71.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQBK has been the subject of several research analyst reports. Wall Street Zen raised Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. DA Davidson raised their target price on Equity Bancshares from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Piper Sandler reiterated an “overweight” rating on shares of Equity Bancshares in a report on Monday, June 22nd. Finally, Stephens boosted their price target on Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

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.