Equity Bancshares (NASDAQ:EQBK) Share Price Crosses Below Fifty Day Moving Average of $33.53

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $33.53 and traded as low as $31.75. Equity Bancshares shares last traded at $32.90, with a volume of 30,019 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price target on shares of Equity Bancshares from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $32.67.

Equity Bancshares Stock Up 1.6 %

The firm has a market capitalization of $508.89 million, a price-to-earnings ratio of 55.62 and a beta of 0.91. The company's 50 day moving average price is $33.53 and its 200 day moving average price is $32.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last released its earnings results on Tuesday, April 16th. The bank reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.18. The business had revenue of $55.91 million during the quarter, compared to analysts' expectations of $52.00 million. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.08%. As a group, research analysts forecast that Equity Bancshares, Inc. will post 3.78 earnings per share for the current fiscal year.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.44%. Equity Bancshares's payout ratio is 80.00%.

Insider Transactions at Equity Bancshares

In other Equity Bancshares news, Director Junetta M. Everett bought 2,903 shares of the firm's stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $34.50 per share, for a total transaction of $100,153.50. Following the completion of the purchase, the director now directly owns 9,813 shares in the company, valued at $338,548.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new position in Equity Bancshares in the 1st quarter worth $42,000. Rocky Mountain Advisers LLC acquired a new position in Equity Bancshares in the 4th quarter worth $69,000. Tower Research Capital LLC TRC lifted its holdings 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 worth $93,000 after buying an additional 2,319 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Equity Bancshares in the 3rd quarter worth $202,000. Finally, Jackson Hole Capital Partners LLC acquired a new position in Equity Bancshares in the 3rd quarter worth $210,000. 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.