Equity Bancshares (NYSE:EQBK) CEO Brad Elliott Sells 12,272 Shares of Stock

Equity Bancshares, Inc. (NYSE:EQBKGet Free Report) CEO Brad Elliott sold 12,272 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $51.03, for a total transaction of $626,240.16. Following the completion of the transaction, the chief executive officer owned 55,313 shares of the company’s stock, valued at approximately $2,822,622.39. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Equity Bancshares Stock Down 0.8%

EQBK stock opened at $50.59 on Thursday. The firm has a market cap of $1.04 billion, a PE ratio of 30.30 and a beta of 0.77. 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 firm’s fifty day moving average is $48.03 and its 200 day moving average is $46.38. Equity Bancshares, Inc. has a one year low of $36.04 and a one year high of $51.73.

Equity Bancshares (NYSE:EQBKGet Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.17. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. The business had revenue of $81.93 million during the quarter, compared to the consensus estimate of $85.10 million. On average, research analysts forecast that Equity Bancshares, Inc. will post 5.18 EPS for the current year.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Equity Bancshares’s dividend payout ratio is presently 43.11%.

Analysts Set New Price Targets

A number of analysts have recently commented on EQBK shares. Benchmark initiated coverage on Equity Bancshares in a research report on Wednesday, June 24th. They issued a “buy” rating and a $57.00 price objective for the company. Stephens increased their target price on Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Piper Sandler reissued an “overweight” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Wall Street Zen raised shares of Equity Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $54.17.

View Our Latest Analysis on Equity Bancshares

Hedge Funds Weigh In On Equity Bancshares

A number of hedge funds have recently made changes to their positions in the company. Kennedy Capital Management LLC boosted its stake in shares of Equity Bancshares by 37.2% in the fourth quarter. Kennedy Capital Management LLC now owns 279,264 shares of the company’s stock worth $12,469,000 after acquiring an additional 75,785 shares during the last quarter. HB Wealth Management LLC acquired a new position in Equity Bancshares in the 1st quarter valued at $1,585,000. Hsbc Holdings PLC raised its stake in Equity Bancshares by 310.3% in the 1st quarter. Hsbc Holdings PLC now owns 28,042 shares of the company’s stock valued at $1,245,000 after purchasing an additional 21,207 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in shares of Equity Bancshares during the fourth quarter worth $777,000. Finally, MQS Management LLC acquired a new stake in shares of Equity Bancshares in the first quarter valued at about $286,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

About Equity Bancshares

(Get 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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Insider Buying and Selling by Quarter for Equity Bancshares (NYSE:EQBK)

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