Equity Bancshares, Inc. (NASDAQ:EQBK) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $46.60.

A number of brokerages have recently commented on EQBK. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They issued a "neutral" rating for the company. Keefe, Bruyette & Woods lowered their price target on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Piper Sandler dropped their price objective on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, DA Davidson cut their price objective on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

Insider Activity at Equity Bancshares

In related news, COO Julie A. Huber sold 4,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total value of $156,400.00. Following the completion of the sale, the chief operating officer directly owned 57,688 shares in the company, valued at $2,255,600.80. The trade was a 6.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Equity Bancshares by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank's stock valued at $346,000 after acquiring an additional 322 shares in the last quarter. Invesco Ltd. boosted its holdings in Equity Bancshares by 1.5% in the 4th quarter. Invesco Ltd. now owns 26,266 shares of the bank's stock valued at $1,114,000 after purchasing an additional 387 shares during the period. MetLife Investment Management LLC grew its position in shares of Equity Bancshares by 4.5% during the 1st quarter. MetLife Investment Management LLC now owns 9,492 shares of the bank's stock worth $374,000 after purchasing an additional 413 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Equity Bancshares by 3.0% during the fourth quarter. Legal & General Group Plc now owns 14,033 shares of the bank's stock worth $595,000 after purchasing an additional 414 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Equity Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock valued at $4,794,000 after buying an additional 721 shares in the last quarter. Institutional investors own 71.80% of the company's stock.

Equity Bancshares Trading Down 1.1%

Shares of Equity Bancshares stock opened at $42.92 on Friday. The stock has a market cap of $751.66 million, a P/E ratio of 10.78 and a beta of 0.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a 12-month low of $32.95 and a 12-month high of $50.85. The business's 50 day moving average is $40.26 and its 200-day moving average is $40.56.

Equity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, June 30th. Equity Bancshares's dividend payout ratio is presently 15.27%.

About Equity Bancshares

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, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.

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