Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) COO Julie A. Huber sold 317 shares of the business'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 transaction of $13,802.18. Following the completion of the transaction, the chief operating officer now owns 56,720 shares of the company's stock, valued at approximately $2,469,588.80. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Equity Bancshares Stock Performance
Shares of NASDAQ:EQBK traded down $0.51 during trading on Friday, hitting $44.26. The company's stock had a trading volume of 51,692 shares, compared to its average volume of 79,740. The company has a 50-day moving average of $43.95 and a 200-day moving average of $42.42. 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 firm has a market cap of $676.66 million, a price-to-earnings ratio of 11.12 and a beta of 0.91. Equity Bancshares, Inc. has a 12 month low of $30.44 and a 12 month high of $50.85.
Equity Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 31st. Equity Bancshares's dividend payout ratio is presently 15.08%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on EQBK shares. Stephens reduced their price objective on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, January 24th. DA Davidson reduced their price target 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 increased their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Hovde Group lifted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.00.
Check Out Our Latest Stock Report on EQBK
Institutional Investors Weigh In On Equity Bancshares
Hedge funds and other institutional investors have recently modified their holdings of the stock. Foundry Partners LLC raised its stake in shares of Equity Bancshares by 13.8% in the third quarter. Foundry Partners LLC now owns 119,525 shares of the bank's stock worth $4,886,000 after buying an additional 14,540 shares during the period. Barclays PLC raised its stake in Equity Bancshares by 247.2% during the 3rd quarter. Barclays PLC now owns 23,308 shares of the bank's stock worth $953,000 after acquiring an additional 16,595 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Equity Bancshares by 175.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank's stock valued at $4,590,000 after purchasing an additional 71,547 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Equity Bancshares by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank's stock worth $14,735,000 after purchasing an additional 17,431 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of Equity Bancshares in the third quarter worth $2,809,000. 71.80% of the stock is currently owned by hedge funds and other institutional investors.
About Equity Bancshares
(
Get Free Report)
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.
See Also
Before you consider Equity Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Bancshares wasn't on the list.
While Equity Bancshares currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
