Insider Selling: Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Sells 307 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the firm’s stock in a transaction on 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 owns 29,088 shares in the company, valued at approximately $1,266,491.52. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Equity Bancshares Trading Down 0.6 %

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 company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $44.02 and its 200-day moving average is $42.41. Equity Bancshares, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85.

Equity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.36%. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EQBK. DA Davidson decreased their price target on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group increased their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Stephens lowered their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Foundry Partners LLC boosted its holdings in shares of Equity Bancshares by 13.8% during the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after acquiring an additional 14,540 shares in the last quarter. Barclays PLC boosted its stake in shares of Equity Bancshares by 247.2% during the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock valued at $953,000 after purchasing an additional 16,595 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Equity Bancshares by 175.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock worth $4,590,000 after purchasing an additional 71,547 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Equity Bancshares by 5.1% during the third 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. Finally, Wellington Management Group LLP acquired a new position in shares of Equity Bancshares in the third quarter valued at approximately $2,809,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.