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

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) General Counsel Brett A. Reber sold 307 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $43.54, for a total transaction of $13,366.78. Following the completion of the sale, the general counsel now owns 29,088 shares in the company, valued at approximately $1,266,491.52. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Equity Bancshares Trading Down 1.1 %

Shares of EQBK traded down $0.51 during mid-day trading on Friday, reaching $44.26. 51,692 shares of the company's stock traded hands, compared to its average volume of 79,740. 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's 50-day moving average is $43.95 and its two-hundred day moving average is $42.42. Equity Bancshares, Inc. has a 12 month low of $30.44 and a 12 month high of $50.85. The stock has a market cap of $676.66 million, a P/E ratio of 11.12 and a beta of 0.91.

Equity Bancshares Dividend Announcement

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 was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.36%. Equity Bancshares's payout ratio is 15.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EQBK shares. Stephens reduced their price objective on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson lowered their price target on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Finally, Hovde Group boosted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $48.00.

Institutional Trading of Equity Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in EQBK. JPMorgan Chase & Co. increased its stake in Equity Bancshares by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank's stock worth $14,735,000 after buying an additional 17,431 shares during the period. State Street Corp grew its stake in Equity Bancshares by 2.6% in the 3rd quarter. State Street Corp now owns 314,889 shares of the bank's stock worth $12,919,000 after acquiring an additional 8,103 shares in the last quarter. Foundry Partners LLC grew its stake in Equity Bancshares by 13.8% in the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank's stock worth $4,886,000 after acquiring an additional 14,540 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Equity Bancshares by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock worth $4,794,000 after acquiring an additional 721 shares during the period. Finally, Creative Planning raised its stake in shares of Equity Bancshares by 4.4% during the third quarter. Creative Planning now owns 80,133 shares of the bank's stock valued at $3,276,000 after acquiring an additional 3,399 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors.

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.