HB Wealth Management LLC Buys Shares of 35,681 Equity Bancshares, Inc. $EQBK

HB Wealth Management LLC bought a new position in shares of Equity Bancshares, Inc. (NYSE:EQBKFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 35,681 shares of the company’s stock, valued at approximately $1,585,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in Equity Bancshares by 0.7% during the fourth quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company’s stock valued at $2,306,000 after purchasing an additional 381 shares during the period. Intech Investment Management LLC boosted its position in shares of Equity Bancshares by 5.6% during the third quarter. Intech Investment Management LLC now owns 7,306 shares of the company’s stock worth $297,000 after purchasing an additional 388 shares in the last quarter. Mariner LLC boosted its position in shares of Equity Bancshares by 5.4% during the fourth quarter. Mariner LLC now owns 9,516 shares of the company’s stock worth $425,000 after purchasing an additional 486 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Equity Bancshares by 282.0% in the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock valued at $28,000 after buying an additional 502 shares during the period. Finally, CWM LLC increased its position in shares of Equity Bancshares by 20.2% in the 4th quarter. CWM LLC now owns 3,252 shares of the company’s stock valued at $145,000 after buying an additional 547 shares in the last quarter. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Trading Down 0.5%

NYSE EQBK opened at $48.69 on Wednesday. Equity Bancshares, Inc. has a 52 week low of $36.04 and a 52 week high of $51.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50 day moving average price is $46.66 and its two-hundred day moving average price is $45.93. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 38.64 and a beta of 0.77.

Equity Bancshares (NYSE:EQBKGet Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.17. The company had revenue of $83.26 million during the quarter, compared to analysts’ expectations of $85.24 million. Equity Bancshares had a net margin of 6.15% and a return on equity of 12.85%. As a group, analysts anticipate that Equity Bancshares, Inc. will post 5.06 earnings per share for the current fiscal year.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.72 annualized dividend and a yield of 1.5%. Equity Bancshares’s payout ratio is 57.14%.

Insider Transactions at Equity Bancshares

In related news, General Counsel Brett A. Reber sold 1,686 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $47.85, for a total transaction of $80,675.10. Following the completion of the transaction, the general counsel directly owned 34,495 shares of the company’s stock, valued at approximately $1,650,585.75. This represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donald Scott Rogerson purchased 2,000 shares of the stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of $45.93 per share, for a total transaction of $91,860.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $229,650. The trade was a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EQBK shares. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Equity Bancshares in a report on Monday, June 22nd. DA Davidson raised their price target on Equity Bancshares from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Benchmark assumed coverage on Equity Bancshares in a report on Wednesday, June 24th. They set a “buy” rating and a $57.00 price objective on the stock. Piper Sandler reissued an “overweight” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Finally, Hovde Group initiated coverage on shares of Equity Bancshares in a report on Wednesday, June 10th. They set a “market perform” rating and a $51.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Equity Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $53.20.

View Our Latest Stock Report on Equity Bancshares

Equity Bancshares Profile

(Free Report)

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.

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Institutional Ownership by Quarter for Equity Bancshares (NYSE:EQBK)

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