Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) Director Junetta M. Everett bought 2,903 shares of the company's stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $34.50 per share, for a total transaction of $100,153.50. Following the completion of the transaction, the director now owns 9,813 shares of the company's stock, valued at approximately $338,548.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Equity Bancshares Stock Performance
Equity Bancshares stock traded up $0.66 on Friday, reaching $34.99. 58,425 shares of the stock were exchanged, compared to its average volume of 52,311. The stock has a market cap of $540.25 million, a PE ratio of 58.28 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69. Equity Bancshares, Inc. has a twelve month low of $21.79 and a twelve month high of $34.99. The firm has a fifty day moving average price of $33.15 and a two-hundred day moving average price of $31.73.
Equity Bancshares (NASDAQ:EQBK - Get Free Report) last released its earnings results on Tuesday, April 16th. The bank reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.18. The firm had revenue of $55.91 million during the quarter, compared to analyst estimates of $52.00 million. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.08%. Sell-side analysts anticipate that Equity Bancshares, Inc. will post 3.75 EPS for the current year.
Equity Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity Bancshares's dividend payout ratio (DPR) is presently 80.00%.
Analysts Set New Price Targets
Separately, Piper Sandler boosted their price objective on Equity Bancshares from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Equity Bancshares currently has an average rating of "Hold" and a consensus target price of $32.67.
Get Our Latest Report on Equity Bancshares
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in Equity Bancshares in the first quarter worth about $42,000. Rocky Mountain Advisers LLC bought a new stake in Equity Bancshares during the 4th quarter worth approximately $69,000. Tower Research Capital LLC TRC increased its holdings in Equity Bancshares by 530.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,756 shares of the bank's stock valued at $93,000 after purchasing an additional 2,319 shares in the last quarter. Hsbc Holdings PLC bought a new position in Equity Bancshares in the 3rd quarter valued at $202,000. Finally, Jackson Hole Capital Partners LLC acquired a new position in Equity Bancshares in the third quarter worth $210,000. Institutional investors and hedge funds own 71.80% of the company's stock.
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, 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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