Eric R. Newell Buys 2,000 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) Stock

Equity Bancshares, Inc. (NASDAQ:EQBK – Get Rating) CFO Eric R. Newell acquired 2,000 shares of Equity Bancshares stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average price of $27.70 per share, for a total transaction of $55,400.00. Following the transaction, the chief financial officer now owns 41,522 shares of the company’s stock, valued at approximately $1,150,159.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock opened at $26.15 on Tuesday. Equity Bancshares, Inc. has a one year low of $25.15 and a one year high of $38.04. The company has a market cap of $416.83 million, a price-to-earnings ratio of 7.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50 day moving average price is $30.86 and its 200 day moving average price is $32.47.

Equity Bancshares (NASDAQ:EQBK – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). Equity Bancshares had a return on equity of 14.55% and a net margin of 25.73%. The company had revenue of $50.36 million for the quarter, compared to analysts’ expectations of $50.89 million. On average, research analysts predict that Equity Bancshares, Inc. will post 3.2 EPS for the current year.

Equity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. Equity Bancshares’s dividend payout ratio is currently 11.36%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Equity Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd.

Institutional Investors Weigh In On Equity Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Udine Wealth Management Inc. purchased a new stake in Equity Bancshares in the third quarter valued at $267,000. Summit Global Investments raised its holdings in shares of Equity Bancshares by 28.2% in the 2nd quarter. Summit Global Investments now owns 13,200 shares of the bank’s stock valued at $385,000 after buying an additional 2,900 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Equity Bancshares by 118.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 21,580 shares of the bank’s stock valued at $705,000 after buying an additional 11,700 shares during the period. Adamsbrown Wealth Consultants LLC raised its holdings in shares of Equity Bancshares by 6.8% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 9,625 shares of the bank’s stock valued at $314,000 after buying an additional 616 shares during the period. Finally, Wealth Alliance Advisory Group LLC raised its holdings in shares of Equity Bancshares by 7.5% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 71,109 shares of the bank’s stock valued at $2,323,000 after buying an additional 4,931 shares during the period. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Equity Bancshares Company Profile

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Equity Bancshares, Inc is a bank holding company, which engages in the provision of financial services to individuals and businesses. The firm also offers commercial and personal banking services such as savings, treasury management and loans. The company was founded by Brad S. Elliott in November 2002 and is headquartered in Wichita, KS.