Equity Bancshares, Inc. (NYSE:EQBK – Get Free Report) Director Leon Borck bought 380 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The stock was bought at an average price of $48.78 per share, with a total value of $18,536.40. Following the transaction, the director directly owned 96,320 shares in the company, valued at $4,698,489.60. This represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Equity Bancshares Price Performance
NYSE EQBK traded down $0.22 on Monday, reaching $47.29. 253,222 shares of the stock traded hands, compared to its average volume of 116,380. Equity Bancshares, Inc. has a 12 month low of $39.97 and a 12 month high of $52.27. The company has a market cap of $973.62 million, a price-to-earnings ratio of 10.48 and a beta of 0.80. The firm’s fifty day simple moving average is $49.12 and its 200 day simple moving average is $47.91. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.58.
Equity Bancshares (NYSE:EQBK – Get Free Report) last released its earnings results on Wednesday, October 14th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Equity Bancshares had a net margin of 20.34% and a return on equity of 13.73%. The business had revenue of $83.73 million for the quarter, compared to the consensus estimate of $84.91 million. As a group, research analysts predict that Equity Bancshares, Inc. will post 5.04 EPS for the current fiscal year.
Equity Bancshares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.22 dividend. This is a boost from Equity Bancshares’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.9%. Equity Bancshares’s payout ratio is currently 19.51%.
Analysts Set New Price Targets
Several 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 target price for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Stephens dropped their price target on Equity Bancshares from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday. Piper Sandler increased their price objective on Equity Bancshares from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, DA Davidson set a $50.00 target price on shares of Equity Bancshares in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Equity Bancshares presently has an average rating of “Moderate Buy” and an average price target of $53.67.
Read Our Latest Research Report on EQBK
Institutional Trading of Equity Bancshares
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Equity Bancshares by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 745,825 shares of the company’s stock valued at $33,122,000 after purchasing an additional 2,758 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Equity Bancshares in the 2nd quarter worth about $3,967,000. Empowered Funds LLC raised its stake in shares of Equity Bancshares by 8.4% during the 1st quarter. Empowered Funds LLC now owns 87,024 shares of the company’s stock worth $3,865,000 after purchasing an additional 6,707 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Equity Bancshares by 0.6% during the 1st quarter. First Trust Advisors LP now owns 48,621 shares of the company’s stock valued at $2,159,000 after buying an additional 300 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Equity Bancshares during the 1st quarter valued at about $1,585,000. Institutional investors and hedge funds own 71.80% of the company’s stock.
About Equity Bancshares
Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its subsidiary, Equity Bank, the company provides community banking services to individuals, businesses, agricultural customers and public-sector organizations.
Equity Bank offers checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer financing, agricultural loans and commercial lines of credit. Its business banking services also include treasury management, cash management, electronic banking and other financial solutions designed to support operating and borrowing needs.
Founded in 2002, Equity Bancshares has expanded through organic growth and acquisitions.
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