Julie A. Huber Sells 278 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber sold 278 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $43.86, for a total value of $12,193.08. Following the completion of the sale, the chief operating officer now owns 57,037 shares in the company, valued at approximately $2,501,642.82. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Equity Bancshares Stock Down 0.2 %

Equity Bancshares stock traded down $0.10 during midday trading on Thursday, hitting $43.94. 43,874 shares of the company’s stock were exchanged, compared to its average volume of 74,971. Equity Bancshares, Inc. has a 12 month low of $30.44 and a 12 month high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $671.78 million, a PE ratio of 11.04 and a beta of 0.92. The firm has a 50-day moving average of $44.50 and a two-hundred day moving average of $42.27.

Equity Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Institutional Trading of Equity Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of EQBK. JPMorgan Chase & Co. lifted its stake in shares of Equity Bancshares by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock worth $14,735,000 after purchasing an additional 17,431 shares during the last quarter. Mendon Capital Advisors Corp lifted its position in shares of Equity Bancshares by 2,539.9% during the second quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock valued at $12,320,000 after buying an additional 336,742 shares during the last quarter. State Street Corp boosted its holdings in shares of Equity Bancshares by 2.6% in the 3rd quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after buying an additional 8,103 shares in the last quarter. Foundry Partners LLC grew its position in shares of Equity Bancshares by 13.8% in the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock worth $4,886,000 after buying an additional 14,540 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Equity Bancshares by 175.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock worth $4,590,000 after acquiring an additional 71,547 shares in the last quarter. Institutional investors own 71.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EQBK. Stephens reduced their target price 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. Hovde Group lifted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson decreased 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy” and an average 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.