Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber Sells 317 Shares

Equity Bancshares, Inc. (NASDAQ:EQBK) COO Julie A. Huber sold 317 shares of the company’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 value of $13,802.18. Following the transaction, the chief operating officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link.

Equity Bancshares Stock Performance

EQBK traded down $0.46 during trading hours on Monday, hitting $43.15. 63,192 shares of the stock were exchanged, compared to its average volume of 74,814. The stock has a 50-day simple moving average of $44.31 and a 200-day simple moving average of $42.34. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. 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 $659.69 million, a price-to-earnings ratio of 10.84 and a beta of 0.91.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, December 31st. Equity Bancshares’s dividend payout ratio (DPR) is 15.08%.

Analysts Set New Price Targets

EQBK has been the subject of several recent analyst reports. Hovde Group raised their target price on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. DA Davidson decreased 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. Stephens dropped their price objective on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EQBK. JPMorgan Chase & Co. boosted its holdings in Equity Bancshares by 5.1% during the third 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 in the last quarter. State Street Corp boosted its stake in shares of Equity Bancshares by 2.6% during the 3rd quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after buying an additional 8,103 shares during the period. Foundry Partners LLC grew its stake in Equity Bancshares by 13.8% in the third quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after purchasing an additional 14,540 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Equity Bancshares by 175.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock valued at $4,590,000 after buying an additional 71,547 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Equity Bancshares by 4.4% during the 3rd quarter. Creative Planning now owns 80,133 shares of the bank’s stock worth $3,276,000 after purchasing an additional 3,399 shares during the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

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.