Julie A. Huber Sells 9,500 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBKGet Rating) EVP Julie A. Huber sold 9,500 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $30.77, for a total value of $292,315.00. Following the completion of the transaction, the executive vice president now owns 46,978 shares of the company’s stock, valued at $1,445,513.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Equity Bancshares Trading Down 0.6 %

EQBK stock opened at $31.62 on Friday. The company has a market cap of $514.77 million, a price-to-earnings ratio of 9.64 and a beta of 0.74. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $30.63 and a 200-day simple moving average of $31.41. Equity Bancshares, Inc. has a 52 week low of $28.06 and a 52 week high of $36.00.

Equity Bancshares (NASDAQ:EQBKGet Rating) last announced its quarterly earnings results on Tuesday, July 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.20. Equity Bancshares had a return on equity of 13.55% and a net margin of 25.90%. During the same period in the prior year, the company posted $1.09 earnings per share. On average, equities research analysts expect that Equity Bancshares, Inc. will post 3.42 EPS for the current year.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 30th were issued a $0.08 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.32 annualized dividend and a yield of 1.01%. Equity Bancshares’s dividend payout ratio is currently 9.76%.

Analyst Upgrades and Downgrades

EQBK has been the subject of several analyst reports. Piper Sandler cut their price target on Equity Bancshares from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, June 17th. DA Davidson upped their price objective on Equity Bancshares to $33.00 in a report on Friday, July 22nd. StockNews.com downgraded Equity Bancshares from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Stephens upped their price objective on Equity Bancshares to $34.00 in a report on Friday, July 22nd.

Institutional Trading of Equity Bancshares

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Equity Bancshares in the 2nd quarter valued at $158,000. Amalgamated Bank purchased a new position in Equity Bancshares in the 1st quarter valued at about $53,000. The Manufacturers Life Insurance Company boosted its position in Equity Bancshares by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 461,579 shares of the bank’s stock valued at $14,914,000 after buying an additional 1,746 shares during the last quarter. Zebra Capital Management LLC purchased a new position in Equity Bancshares in the 1st quarter valued at about $202,000. Finally, Goldman Sachs Group Inc. boosted its position in Equity Bancshares by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,747 shares of the bank’s stock valued at $315,000 after buying an additional 352 shares during the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.

About Equity Bancshares

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Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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