Brad Elliott Sells 4,165 Shares of Equity Bancshares (NYSE:EQBK) Stock

Equity Bancshares, Inc. (NYSE:EQBK) CEO Brad Elliott sold 4,165 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $51.12, for a total transaction of $212,914.80. Following the transaction, the chief executive officer owned 55,313 shares in the company, valued at approximately $2,827,600.56. This trade represents a 7.00% 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 hyperlink.

Equity Bancshares Price Performance

Shares of EQBK opened at $50.61 on Friday. Equity Bancshares, Inc. has a twelve month low of $36.04 and a twelve month high of $51.73. The stock’s 50 day moving average is $48.23 and its two-hundred day moving average is $46.45. The firm has a market capitalization of $1.04 billion, a PE ratio of 30.31 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

Equity Bancshares (NYSE:EQBK) last released its earnings results on Tuesday, July 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.17. The company had revenue of $81.93 million for the quarter, compared to analysts’ expectations of $85.10 million. Equity Bancshares had a return on equity of 13.67% and a net margin of 8.26%. Research analysts anticipate that Equity Bancshares, Inc. will post 5.18 earnings per share for the current year.

Equity Bancshares Announces Dividend

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

Hedge Funds Weigh In On Equity Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after purchasing an additional 502 shares in the last quarter. Royal Bank of Canada increased its position in shares of Equity Bancshares by 132.0% in the fourth quarter. Royal Bank of Canada now owns 972 shares of the company’s stock valued at $44,000 after buying an additional 553 shares in the last quarter. State of Wyoming purchased a new position in shares of Equity Bancshares in the second quarter valued at $59,000. Tower Research Capital LLC TRC raised its stake in shares of Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $79,000 after buying an additional 1,347 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Equity Bancshares by 33.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the company’s stock worth $89,000 after buying an additional 547 shares during the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on EQBK. DA Davidson increased their price objective on Equity Bancshares from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. Weiss Ratings raised shares of Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Stephens increased their price target on shares of Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Equity Bancshares in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.17.

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.