Equity Bancshares, Inc. (NASDAQ:EQBK) Director Leon Borck Acquires 1,467 Shares of Stock

Equity Bancshares, Inc. (NASDAQ:EQBK) Director Leon Borck bought 1,467 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $38.77 per share, with a total value of $56,875.59. Following the completion of the transaction, the director now owns 11,941 shares of the company’s stock, valued at approximately $462,952.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock opened at $41.73 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average price is $39.41 and its 200-day moving average price is $35.52. The firm has a market cap of $636.51 million, a P/E ratio of 69.55 and a beta of 0.90. Equity Bancshares, Inc. has a 12 month low of $22.78 and a 12 month high of $42.64.

Equity Bancshares (NASDAQ:EQBK) last posted its earnings results on Tuesday, July 16th. The bank reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $55.43 million for the quarter, compared to the consensus estimate of $54.56 million. Equity Bancshares had a net margin of 3.75% and a return on equity of 12.43%. On average, equities research analysts expect that Equity Bancshares, Inc. will post 4.01 earnings per share for the current fiscal year.

Equity Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.12. Equity Bancshares’s dividend payout ratio (DPR) is presently 80.00%.

Hedge Funds Weigh In On Equity Bancshares

A number of large investors have recently added to or reduced their stakes in EQBK. EntryPoint Capital LLC bought a new stake in shares of Equity Bancshares in the 1st quarter valued at about $42,000. BNP Paribas Financial Markets lifted its position in Equity Bancshares by 97.0% during the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock valued at $247,000 after acquiring an additional 3,541 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Equity Bancshares in the fourth quarter valued at approximately $271,000. AQR Capital Management LLC purchased a new position in Equity Bancshares in the second quarter worth $322,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Equity Bancshares during the fourth quarter worth $322,000. 71.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on EQBK. Keefe, Bruyette & Woods raised their price target on shares of Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Piper Sandler upped their target price on shares of Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. Finally, Stephens lifted their price target on shares of Equity Bancshares from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.00.

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.