Barclays PLC Grows Stock Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Barclays PLC boosted its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK) by 247.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,308 shares of the bank’s stock after buying an additional 16,595 shares during the period. Barclays PLC owned approximately 0.15% of Equity Bancshares worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP purchased a new position in Equity Bancshares in the 3rd quarter valued at approximately $2,809,000. State Street Corp grew its position in shares of Equity Bancshares by 2.6% during the 3rd quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after purchasing an additional 8,103 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Equity Bancshares during the 3rd quarter valued at $282,000. Captrust Financial Advisors grew its position in shares of Equity Bancshares by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 37,735 shares of the bank’s stock valued at $1,543,000 after purchasing an additional 1,481 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares in the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

Equity Bancshares Stock Down 0.3 %

Shares of NASDAQ:EQBK opened at $42.58 on Tuesday. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85. The firm has a fifty day moving average of $45.58 and a 200 day moving average of $41.06. The firm has a market capitalization of $651.05 million, a PE ratio of 38.71 and a beta of 0.90. 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 (NASDAQ:EQBK) last posted 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 business had revenue of $55.35 million during the quarter, compared to the consensus estimate of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. As a group, research analysts anticipate that Equity Bancshares, Inc. will post 4.27 EPS for the current fiscal year.

Equity Bancshares Dividend Announcement

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. This represents a $0.60 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, December 31st. Equity Bancshares’s dividend payout ratio is presently 54.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQBK. Keefe, Bruyette & Woods boosted their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. 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 research report on Monday, October 14th. Finally, DA Davidson upped their target price on shares of Equity Bancshares from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th.

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.