Leon Borck Buys 1,467 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) Director Leon Borck purchased 1,467 shares of Equity Bancshares stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $38.77 per share, with a total value of $56,875.59. Following the completion of the transaction, the director now directly owns 11,941 shares of the company’s stock, valued at $462,952.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Equity Bancshares Price Performance

NASDAQ EQBK opened at $41.73 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $636.51 million, a PE ratio of 69.55 and a beta of 0.90. Equity Bancshares, Inc. has a 12-month low of $22.78 and a 12-month high of $42.64. The company has a 50 day moving average price of $39.41 and a two-hundred day moving average price of $35.55.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. The business had revenue of $55.43 million during the quarter, compared to analyst estimates of $54.56 million. Equity Bancshares had a net margin of 3.75% and a return on equity of 12.43%. As a group, equities analysts predict that Equity Bancshares, Inc. will post 4.01 earnings per share for the current fiscal year.

Equity Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Equity Bancshares’s previous quarterly dividend of $0.12. Equity Bancshares’s payout ratio is currently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EQBK. Dimensional Fund Advisors LP grew its stake in Equity Bancshares by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 754,999 shares of the bank’s stock valued at $25,595,000 after buying an additional 30,253 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Equity Bancshares by 1.5% in the first quarter. Vanguard Group Inc. now owns 754,069 shares of the bank’s stock valued at $25,917,000 after purchasing an additional 10,868 shares during the last quarter. Mendon Capital Advisors Corp increased its stake in shares of Equity Bancshares by 2,539.9% in the second quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock worth $12,320,000 after purchasing an additional 336,742 shares during the period. Foundry Partners LLC lifted its position in shares of Equity Bancshares by 890.4% during the 2nd quarter. Foundry Partners LLC now owns 104,985 shares of the bank’s stock worth $3,695,000 after purchasing an additional 94,385 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Equity Bancshares by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,831 shares of the bank’s stock worth $2,810,000 after purchasing an additional 3,838 shares during the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EQBK. Stephens upped their price objective on shares of Equity Bancshares from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods upped their price target on shares of Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Finally, Piper Sandler lifted their price objective on Equity Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.00.

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.