Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber Sells 307 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 29,088 shares of the company’s stock, valued at $1,266,491.52. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Equity Bancshares Stock Performance

EQBK stock opened at $43.15 on Tuesday. The company has a 50 day moving average price of $44.19 and a 200 day moving average price of $42.36. Equity Bancshares, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $50.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $659.69 million, a PE ratio of 10.84 and a beta of 0.91.

Equity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Equity Bancshares’s payout ratio is 15.08%.

Institutional Investors Weigh In On Equity Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Equity Bancshares during the 4th quarter worth about $54,000. BNP Paribas Financial Markets increased its stake in Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in Equity Bancshares in the third quarter worth $203,000. SG Americas Securities LLC boosted its position in shares of Equity Bancshares by 74.1% during the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after purchasing an additional 2,150 shares in the last quarter. Finally, Triune Financial Partners LLC acquired a new position in shares of Equity Bancshares in the 3rd quarter valued at $268,000. Institutional investors own 71.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Equity Bancshares

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.