Jane Street Group LLC Decreases Stock Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Jane Street Group LLC trimmed its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK) by 49.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,360 shares of the bank’s stock after selling 9,134 shares during the quarter. Jane Street Group LLC owned about 0.06% of Equity Bancshares worth $383,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EQBK. Wellington Management Group LLP acquired a new stake in shares of Equity Bancshares during the 3rd quarter worth approximately $2,809,000. State Street Corp increased its holdings 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 worth $12,919,000 after buying an additional 8,103 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Equity Bancshares during the 3rd quarter worth approximately $282,000. Captrust Financial Advisors increased its holdings 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 worth $1,543,000 after buying an additional 1,481 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings 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 worth $131,000 after buying an additional 232 shares during the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

Equity Bancshares Stock Performance

NASDAQ:EQBK opened at $41.36 on Thursday. The company has a fifty day simple moving average of $45.44 and a two-hundred day simple moving average of $41.42. The company has a market cap of $632.39 million, a price-to-earnings ratio of 37.60 and a beta of 0.92. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a 52 week low of $30.44 and a 52 week high of $50.85.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, October 15th. The bank reported $1.31 earnings per share (EPS) 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 analysts’ expectations of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. As a group, equities analysts anticipate that Equity Bancshares, Inc. will post 4.27 earnings per share for the current fiscal year.

Equity Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. Equity Bancshares’s payout ratio is 54.55%.

Wall Street Analyst Weigh In

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

Equity Bancshares Company 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.