21,600 Shares in Equity Bancshares, Inc. (NASDAQ:EQBK) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,600 shares of the bank’s stock, valued at approximately $640,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.13% of Equity Bancshares as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Udine Wealth Management Inc. acquired a new position in Equity Bancshares during the third quarter worth about $267,000. Summit Global Investments increased its stake in Equity Bancshares by 28.2% in the 2nd quarter. Summit Global Investments now owns 13,200 shares of the bank’s stock worth $385,000 after purchasing an additional 2,900 shares in the last quarter. MetLife Investment Management LLC increased its stake in Equity Bancshares by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 7,241 shares of the bank’s stock worth $234,000 after purchasing an additional 2,609 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Equity Bancshares in the 2nd quarter worth about $222,000. Finally, American International Group Inc. increased its stake in Equity Bancshares by 7.1% in the 2nd quarter. American International Group Inc. now owns 7,191 shares of the bank’s stock worth $210,000 after purchasing an additional 478 shares in the last quarter. 59.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Equity Bancshares Trading Up 0.3 %

Shares of EQBK opened at $30.06 on Wednesday. The business’s 50-day moving average price is $31.65 and its 200 day moving average price is $32.78. The stock has a market capitalization of $479.16 million, a P/E ratio of 8.54 and a beta of 0.77. Equity Bancshares, Inc. has a 1-year low of $28.06 and a 1-year high of $38.04. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. Equity Bancshares’s payout ratio is presently 11.36%.

Insiders Place Their Bets

In other Equity Bancshares news, EVP Julie A. Huber sold 887 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $30.65, for a total transaction of $27,186.55. Following the completion of the sale, the executive vice president now directly owns 51,615 shares in the company, valued at approximately $1,581,999.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Equity Bancshares news, President Craig L. Anderson sold 1,275 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $30.65, for a total transaction of $39,078.75. Following the completion of the sale, the president now directly owns 32,445 shares in the company, valued at approximately $994,439.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie A. Huber sold 887 shares of Equity Bancshares stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $30.65, for a total value of $27,186.55. Following the sale, the executive vice president now owns 51,615 shares of the company’s stock, valued at $1,581,999.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,278 shares of company stock worth $69,785. 8.10% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Equity Bancshares (NASDAQ:EQBK)

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