Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) Director Leon Borck purchased 250 shares of the company's stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $41.57 per share, with a total value of $10,392.50. Following the transaction, the director directly owned 9,905 shares in the company, valued at $411,750.85. This trade represents a 2.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Leon Borck also recently made the following trade(s):
* On Friday, October 17th, Leon Borck acquired 250 shares of Equity Bancshares stock. The stock was purchased at an average price of $40.32 per share, for a total transaction of $10,080.00.
Equity Bancshares Stock Performance
Shares of NASDAQ:EQBK opened at $41.64 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $41.14 and a 200-day moving average price of $40.25. The company has a market cap of $800.24 million, a price-to-earnings ratio of 10.46 and a beta of 0.89. Equity Bancshares, Inc. has a 12 month low of $34.11 and a 12 month high of $50.85.
Equity Bancshares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Equity Bancshares's previous quarterly dividend of $0.15. Equity Bancshares's dividend payout ratio is currently 60.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Equity Bancshares by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 64,386 shares of the bank's stock worth $2,537,000 after purchasing an additional 1,738 shares during the period. Alps Advisors Inc. bought a new stake in shares of Equity Bancshares during the 1st quarter valued at $355,000. CWM LLC grew its position in shares of Equity Bancshares by 311.5% in the 1st quarter. CWM LLC now owns 2,041 shares of the bank's stock worth $80,000 after buying an additional 1,545 shares during the period. Princeton Capital Management LLC bought a new position in shares of Equity Bancshares in the 1st quarter worth about $217,000. Finally, Caliber Wealth Management LLC KS bought a new position in shares of Equity Bancshares in the 1st quarter worth about $349,000. Hedge funds and other institutional investors own 71.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. DA Davidson reiterated a "neutral" rating and issued a $45.00 price objective on shares of Equity Bancshares in a research report on Thursday, October 16th. Piper Sandler began coverage on shares of Equity Bancshares in a report on Wednesday, October 8th. They issued an "overweight" rating and a $54.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Equity Bancshares from $45.00 to $47.00 and gave the company a "market perform" rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Equity Bancshares presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.
Get Our Latest Report on EQBK
Equity Bancshares Company Profile (
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.
Further Reading
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