Equity Bancshares (NYSE:EQBK) CEO Sells $626,240.16 in Stock

Equity Bancshares, Inc. (NYSE:EQBK) CEO Brad Elliott sold 12,272 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $51.03, for a total transaction of $626,240.16. Following the transaction, the chief executive officer owned 55,313 shares in the company, valued at approximately $2,822,622.39. The trade was a 18.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Equity Bancshares Stock Performance

NYSE EQBK opened at $50.61 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average price is $48.23 and its two-hundred day moving average price is $46.45. Equity Bancshares, Inc. has a 1 year low of $36.04 and a 1 year high of $51.73. The firm has a market capitalization of $1.04 billion, a P/E ratio of 30.31 and a beta of 0.77.

Equity Bancshares (NYSE:EQBK) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. The firm had revenue of $81.93 million during the quarter, compared to analysts’ expectations of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. As a group, research analysts anticipate that Equity Bancshares, Inc. will post 5.18 EPS for the current year.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 30th. Equity Bancshares’s dividend payout ratio (DPR) is 43.11%.

Analysts Set New Price Targets

EQBK has been the topic of a number of recent analyst reports. DA Davidson boosted 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. Piper Sandler reaffirmed an “overweight” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Weiss Ratings raised Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Stephens increased their price target on Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Patriot Financial Partners GP II L.P. acquired a new stake in Equity Bancshares during the third quarter worth approximately $49,541,000. FJ Capital Management LLC boosted its holdings in shares of Equity Bancshares by 8.6% during the third quarter. FJ Capital Management LLC now owns 1,222,791 shares of the company’s stock worth $49,768,000 after acquiring an additional 96,695 shares during the period. Kennedy Capital Management LLC grew its position 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 valued at $12,469,000 after purchasing an additional 75,785 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Equity Bancshares in the third quarter valued at approximately $1,933,000. Finally, Osaic Holdings Inc. increased its stake in shares of Equity Bancshares by 16,290.5% during the fourth quarter. Osaic Holdings Inc. now owns 46,713 shares of the company’s stock worth $2,086,000 after purchasing an additional 46,428 shares during the period. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Company Profile

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.