UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 273 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Equity Bancshares, Inc. (NASDAQ:EQBK) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,219 shares of the bank’s stock after selling 273 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.11% of Equity Bancshares worth $704,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EQBK. Foundry Partners LLC grew its holdings in shares of Equity Bancshares by 13.8% in the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after buying an additional 14,540 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Equity Bancshares by 175.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock valued at $4,590,000 after acquiring an additional 71,547 shares during the period. BNP Paribas Financial Markets grew its stake in Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after acquiring an additional 232 shares during the period. Mendon Capital Advisors Corp increased its holdings in shares of Equity Bancshares by 2,539.9% in the second quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock worth $12,320,000 after acquiring an additional 336,742 shares in the last quarter. Finally, ELCO Management Co. LLC raised its position in shares of Equity Bancshares by 3.1% during the second quarter. ELCO Management Co. LLC now owns 13,673 shares of the bank’s stock worth $481,000 after purchasing an additional 415 shares during the period. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EQBK shares. DA Davidson boosted their price objective on Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Stephens upgraded shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target for the company in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Equity Bancshares Stock Down 2.6 %

NASDAQ:EQBK opened at $42.36 on Friday. The company has a market cap of $647.68 million, a PE ratio of 38.51 and a beta of 0.90. The stock has a 50-day simple moving average of $45.57 and a 200 day simple moving average of $40.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85.

Equity Bancshares (NASDAQ:EQBK) last issued its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.32. The company had revenue of $55.35 million during the quarter, compared to analysts’ expectations of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. On average, sell-side analysts expect that Equity Bancshares, Inc. will post 4.27 EPS for the current fiscal year.

Equity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.42%. Equity Bancshares’s payout ratio is currently 54.55%.

Equity Bancshares 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.