Equity Bancshares (NYSE:EQBK) General Counsel Sells $80,675.10 in Stock

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

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock traded down $0.03 during midday trading on Thursday, hitting $47.89. The company had a trading volume of 113,142 shares, compared to its average volume of 104,148. The business’s 50 day simple moving average is $45.62 and its two-hundred day simple moving average is $45.50. The stock has a market cap of $988.58 million, a PE ratio of 38.01 and a beta of 0.78. 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, Inc. has a 1-year low of $36.04 and a 1-year high of $50.07.

Equity Bancshares (NYSE:EQBK) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.17. The business had revenue of $83.26 million for the quarter, compared to the consensus estimate of $85.24 million. Equity Bancshares had a net margin of 6.15% and a return on equity of 12.85%. As a group, equities analysts predict that Equity Bancshares, Inc. will post 5.06 EPS for the current fiscal year.

Equity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. Equity Bancshares’s payout ratio is currently 57.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Equity Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. DA Davidson decreased their price target on shares of Equity Bancshares from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Piper Sandler lifted their price target on shares of Equity Bancshares from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, Hovde Group assumed coverage on shares of Equity Bancshares in a research note on Wednesday. They set a “market perform” rating and a $51.00 price target on the stock. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its position in shares of Equity Bancshares by 0.6% during the 1st quarter. First Trust Advisors LP now owns 48,621 shares of the company’s stock worth $2,159,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. grew its position in shares of Equity Bancshares by 0.7% during the 4th quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company’s stock worth $2,306,000 after buying an additional 381 shares during the period. Intech Investment Management LLC grew its position in shares of Equity Bancshares by 5.6% during the 3rd quarter. Intech Investment Management LLC now owns 7,306 shares of the company’s stock worth $297,000 after buying an additional 388 shares during the period. Mariner LLC grew its position in shares of Equity Bancshares by 5.4% during the 4th quarter. Mariner LLC now owns 9,516 shares of the company’s stock worth $425,000 after buying an additional 486 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after buying an additional 502 shares during the period. 71.80% of the stock is owned by institutional investors.

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.