Equity Bancshares (NYSE:EQBK) General Counsel Brett Reber Sells 1,686 Shares of Stock

Equity Bancshares, Inc. (NYSE:EQBK) General Counsel Brett Reber sold 1,686 shares of Equity Bancshares stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $47.85, for a total transaction of $80,675.10. Following the sale, the general counsel owned 34,495 shares of the company’s stock, valued at approximately $1,650,585.75. This represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equity Bancshares Price Performance

Shares of EQBK opened at $47.89 on Friday. Equity Bancshares, Inc. has a 1-year low of $36.04 and a 1-year high of $50.07. The stock has a market cap of $988.53 million, a PE ratio of 38.01 and a beta of 0.78. The firm has a 50-day simple moving average of $45.69 and a two-hundred day simple moving average of $45.53. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

Equity Bancshares (NYSE:EQBK) last announced 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 12.85%. The business had revenue of $83.26 million during the quarter, compared to analysts’ expectations of $85.24 million. As a group, analysts forecast that Equity Bancshares, Inc. will post 5.06 EPS for the current year.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. Equity Bancshares’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EQBK. Osaic Holdings Inc. lifted its stake in Equity Bancshares by 282.0% in the second quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after acquiring an additional 502 shares during the last quarter. Royal Bank of Canada lifted its stake in Equity Bancshares by 132.0% in the fourth quarter. Royal Bank of Canada now owns 972 shares of the company’s stock worth $44,000 after acquiring an additional 553 shares during the last quarter. State of Wyoming purchased a new position in Equity Bancshares in the second quarter worth approximately $59,000. Tower Research Capital LLC TRC lifted its stake in Equity Bancshares by 233.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $79,000 after acquiring an additional 1,347 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Equity Bancshares by 33.3% in the second quarter. BNP Paribas Financial Markets now owns 2,189 shares of the company’s stock worth $89,000 after acquiring an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Wall Street Analyst Weigh In

EQBK has been the subject of several recent research reports. Weiss Ratings lowered shares of Equity Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Piper Sandler raised 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. Hovde Group initiated coverage on shares of Equity Bancshares in a research note on Wednesday. They issued a “market perform” rating and a $51.00 price objective for the company. Finally, DA Davidson lowered their price objective on shares of 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 equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.25.

About Equity Bancshares

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.