Leon Borck Buys 250 Shares of Equity Bancshares (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) Director Leon Borck acquired 250 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $41.57 per share, with a total value of $10,392.50. Following the completion of the transaction, the director directly owned 9,905 shares of the company’s stock, valued at $411,750.85. This trade represents a 2.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Leon Borck also recently made the following trade(s):

• On Friday, October 17th, Leon Borck purchased 250 shares of Equity Bancshares stock. The stock was acquired at an average cost of $40.32 per share, for a total transaction of $10,080.00.

Equity Bancshares Stock Performance

NASDAQ EQBK opened at $42.24 on Wednesday. The stock has a market cap of $811.69 million, a PE ratio of 10.61 and a beta of 0.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a twelve month low of $34.11 and a twelve month high of $50.85. The stock has a fifty day simple moving average of $41.18 and a 200-day simple moving average of $40.28.

Equity Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.18 per share. This is a boost from Equity Bancshares’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 30th. Equity Bancshares’s dividend payout ratio (DPR) is 60.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQBK. Keefe, Bruyette & Woods increased their price objective on shares of Equity Bancshares from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Thursday, September 4th. Piper Sandler initiated coverage on Equity Bancshares in a research note on Wednesday, October 8th. They set an “overweight” rating and a $54.00 price target on the stock. Finally, DA Davidson restated a “neutral” rating and set a $45.00 price target on shares of Equity Bancshares in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.40.

Hedge Funds Weigh In On Equity Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its position in shares of Equity Bancshares by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,547,284 shares of the bank’s stock worth $60,963,000 after acquiring an additional 19,139 shares during the period. FJ Capital Management LLC increased its holdings in Equity Bancshares by 7.0% during the 1st quarter. FJ Capital Management LLC now owns 1,206,571 shares of the bank’s stock worth $47,539,000 after purchasing an additional 79,195 shares during the period. Vanguard Group Inc. raised its position in Equity Bancshares by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 921,826 shares of the bank’s stock valued at $37,518,000 after purchasing an additional 22,233 shares in the last quarter. Wellington Management Group LLP raised its position in Equity Bancshares by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 676,587 shares of the bank’s stock valued at $26,658,000 after purchasing an additional 99,357 shares in the last quarter. Finally, Mendon Capital Advisors Corp boosted its stake in shares of Equity Bancshares by 0.5% in the 2nd quarter. Mendon Capital Advisors Corp now owns 398,844 shares of the bank’s stock valued at $16,273,000 after buying an additional 1,867 shares during the period. Hedge funds and other institutional investors own 71.80% of the company’s stock.

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.