Equity Bancshares, Inc. (NASDAQ:EQBK) COO Sells $12,193.08 in Stock

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) COO Julie A. Huber sold 278 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $43.86, for a total transaction of $12,193.08. Following the sale, the chief operating officer now owns 57,037 shares in the company, valued at approximately $2,501,642.82. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Equity Bancshares Stock Performance

Shares of EQBK stock traded down $0.46 during trading hours on Monday, hitting $43.15. 63,192 shares of the company were exchanged, compared to its average volume of 74,814. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $659.69 million, a price-to-earnings ratio of 10.84 and a beta of 0.91. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85. The firm has a fifty day simple moving average of $44.19 and a 200 day simple moving average of $42.36.

Equity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.39%. Equity Bancshares's dividend payout ratio is currently 15.08%.

Wall Street Analyst Weigh In

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

Institutional Trading of Equity Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Equity Bancshares during the 4th quarter worth $54,000. BNP Paribas Financial Markets increased its stake in shares of 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 buying an additional 232 shares during the period. Foundations Investment Advisors LLC bought a new stake in Equity Bancshares during the 3rd quarter valued at approximately $203,000. SG Americas Securities LLC grew its position 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 period. Finally, Triune Financial Partners LLC bought a new stake in Equity Bancshares during the 3rd quarter valued at about $268,000. Institutional investors own 71.80% of the company's stock.

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.