Key Points
- Insider sale: Ann Knutson sold 450 shares on March 19 at an average of $43.93 for $19,768.50, reducing her stake by 5.11% to 8,364 shares (≈$367,430).
- Dividend announced: Equity Bancshares declared a quarterly $0.18 dividend (annualized $0.72) with an ex‑dividend/record date of March 31 and payable April 15, implying a ~1.7% yield and a ~55% payout ratio.
- Analyst and stock outlook: The consensus rating is "Hold" with a $52.67 price target; EQBK trades near the mid‑$40s, has a market cap ≈ $916M and a P/E of ~33.
Equity Bancshares, Inc. (NYSE:EQBK - Get Free Report) insider Ann Knutson sold 450 shares of Equity Bancshares stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $43.93, for a total transaction of $19,768.50. Following the transaction, the insider directly owned 8,364 shares of the company's stock, valued at approximately $367,430.52. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Equity Bancshares Stock Performance
EQBK opened at $43.63 on Tuesday. The firm has a fifty day moving average price of $45.73 and a 200 day moving average price of $43.83. Equity Bancshares, Inc. has a 1 year low of $34.11 and a 1 year high of $50.07. The stock has a market cap of $915.88 million, a P/E ratio of 33.31 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.92 and a quick ratio of 0.91.
Equity Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. Equity Bancshares's payout ratio is presently 54.96%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on EQBK shares. Wall Street Zen raised shares of Equity Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods raised their target price on Equity Bancshares from $47.00 to $49.00 and gave the company a "market perform" rating in a research report on Friday, January 23rd. Piper Sandler lifted their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equity Bancshares in a report on Monday, December 29th. Finally, DA Davidson increased their price target on Equity Bancshares from $50.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $52.67.
Check Out Our Latest Analysis on Equity Bancshares
Hedge Funds Weigh In On Equity Bancshares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Equity Bancshares in the third quarter valued at about $28,000. Osaic Holdings Inc. increased its stake in shares of 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 raised its position in shares of Equity Bancshares by 132.0% during the 4th quarter. Royal Bank of Canada now owns 972 shares of the company's stock worth $44,000 after purchasing an additional 553 shares during the last quarter. State of Wyoming acquired a new position in shares of Equity Bancshares during the 2nd quarter worth about $59,000. Finally, Tower Research Capital LLC TRC lifted its stake in Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $79,000 after buying an additional 1,347 shares in the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.
About Equity Bancshares
(
Get Free Report)
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.
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