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

Equity Bancshares, Inc. (NASDAQ:EQBK) General Counsel Brett A. Reber sold 307 shares of the 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 of the company’s stock, valued at $1,266,491.52. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Equity Bancshares Stock Up 2.8 %

EQBK opened at $44.22 on Wednesday. The firm has a market capitalization of $676.15 million, a P/E ratio of 11.11 and a beta of 0.91. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85. The company has a fifty day moving average price of $44.10 and a 200-day moving average price of $42.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86.

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 paid a $0.15 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

A number of brokerages have weighed in on EQBK. Stephens cut their target price 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. DA Davidson reduced their price objective on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group lifted their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Institutional Trading of Equity Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new position in shares of Equity Bancshares during the fourth quarter worth about $54,000. BNP Paribas Financial Markets lifted its position in Equity Bancshares by 7.8% during 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 during the last quarter. Foundations Investment Advisors LLC purchased a new position in Equity Bancshares in the 3rd quarter worth approximately $203,000. SG Americas Securities LLC increased its holdings in shares of Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after buying an additional 2,150 shares during the last quarter. Finally, Triune Financial Partners LLC bought a new position in shares of Equity Bancshares in the 3rd quarter worth $268,000. 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.