Equity Bancshares, Inc. (NASDAQ:EQBK) Director Gregory L. Gaeddert Buys 1,500 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK – Get Rating) Director Gregory L. Gaeddert purchased 1,500 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was bought at an average cost of $28.33 per share, with a total value of $42,495.00. Following the purchase, the director now owns 16,451 shares in the company, valued at $466,056.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Equity Bancshares Price Performance

EQBK stock opened at $26.15 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78. Equity Bancshares, Inc. has a one year low of $25.15 and a one year high of $38.04. The stock has a market cap of $416.83 million, a PE ratio of 7.43 and a beta of 0.78. The firm has a 50 day simple moving average of $30.86 and a two-hundred day simple moving average of $32.47.

Equity Bancshares (NASDAQ:EQBK – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). Equity Bancshares had a return on equity of 14.55% and a net margin of 25.73%. The company had revenue of $50.36 million during the quarter, compared to analysts’ expectations of $50.89 million. On average, analysts predict that Equity Bancshares, Inc. will post 3.2 EPS for the current fiscal year.

Equity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. Equity Bancshares’s dividend payout ratio (DPR) is 11.36%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Equity Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd.

Institutional Investors Weigh In On Equity Bancshares

A number of institutional investors have recently made changes to their positions in EQBK. Dorsey Wright & Associates purchased a new stake in shares of Equity Bancshares in the 4th quarter valued at $25,000. Quadrant Capital Group LLC purchased a new stake in shares of Equity Bancshares in the 3rd quarter valued at $30,000. Metropolitan Life Insurance Co NY boosted its stake in shares of Equity Bancshares by 40.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,113 shares of the bank’s stock valued at $36,000 after purchasing an additional 320 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Equity Bancshares by 153.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,162 shares of the bank’s stock valued at $64,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Equity Bancshares in the 4th quarter valued at $76,000. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Equity Bancshares Company Profile

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Equity Bancshares, Inc is a bank holding company, which engages in the provision of financial services to individuals and businesses. The firm also offers commercial and personal banking services such as savings, treasury management and loans. The company was founded by Brad S. Elliott in November 2002 and is headquartered in Wichita, KS.