Equity Bancshares (NASDAQ:EQBK) Reaches New 1-Year High at $35.50

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $35.50 and last traded at $35.34, with a volume of 18768 shares changing hands. The stock had previously closed at $35.20.

Analyst Ratings Changes

Separately, Piper Sandler upped their target price on Equity Bancshares from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $33.33.

Equity Bancshares Price Performance

The firm has a 50-day simple moving average of $33.90 and a two-hundred day simple moving average of $33.25. The company has a market capitalization of $560.59 million, a price-to-earnings ratio of 59.98 and a beta of 0.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The bank reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.18. The company had revenue of $55.91 million for the quarter, compared to the consensus estimate of $52.00 million. Equity Bancshares had a return on equity of 12.08% and a net margin of 3.88%. As a group, analysts predict that Equity Bancshares, Inc. will post 3.89 earnings per share for the current fiscal year.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, June 28th. Equity Bancshares's dividend payout ratio is currently 80.00%.

Insider Activity

In other Equity Bancshares news, Director Junetta M. Everett bought 2,903 shares of the company's stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $34.50 per share, for a total transaction of $100,153.50. Following the transaction, the director now directly owns 9,813 shares of the company's stock, valued at $338,548.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Equity Bancshares

Institutional investors have recently modified their holdings of the business. EntryPoint Capital LLC acquired a new stake in shares of Equity Bancshares during the 1st quarter valued at about $42,000. Rocky Mountain Advisers LLC purchased a new position in Equity Bancshares in the 4th quarter valued at about $69,000. Tower Research Capital LLC TRC lifted its stake in Equity Bancshares by 530.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,756 shares of the bank's stock valued at $93,000 after buying an additional 2,319 shares in the last quarter. Denali Advisors LLC lifted its stake in Equity Bancshares by 25.5% in the 4th quarter. Denali Advisors LLC now owns 6,400 shares of the bank's stock valued at $217,000 after buying an additional 1,300 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Equity Bancshares by 97.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank's stock valued at $247,000 after buying an additional 3,541 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.