JPMorgan Chase & Co. Has $14.74 Million Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

JPMorgan Chase & Co. raised its position in Equity Bancshares, Inc. (NASDAQ:EQBK) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 360,457 shares of the bank’s stock after purchasing an additional 17,431 shares during the period. JPMorgan Chase & Co. owned approximately 2.36% of Equity Bancshares worth $14,735,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Equity Bancshares by 247.2% in the 3rd quarter. Barclays PLC now owns 23,308 shares of the bank’s stock valued at $953,000 after buying an additional 16,595 shares in the last quarter. Wellington Management Group LLP acquired a new position in Equity Bancshares in the third quarter valued at about $2,809,000. State Street Corp grew its stake in Equity Bancshares by 2.6% in the third quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after acquiring an additional 8,103 shares during the period. PDT Partners LLC bought a new stake in shares of Equity Bancshares in the third quarter worth about $282,000. Finally, Captrust Financial Advisors raised its position in shares of Equity Bancshares by 4.1% during the third quarter. Captrust Financial Advisors now owns 37,735 shares of the bank’s stock worth $1,543,000 after purchasing an additional 1,481 shares during the period. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Equity Bancshares Stock Down 3.6 %

NASDAQ:EQBK opened at $39.88 on Friday. The stock has a 50-day simple moving average of $45.37 and a 200 day simple moving average of $41.42. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85. The company has a market cap of $609.77 million, a PE ratio of 36.25 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 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. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. The company had revenue of $55.35 million during the quarter, compared to analysts’ expectations of $55.77 million. 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 is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.50%. Equity Bancshares’s payout ratio is currently 54.55%.

Wall Street Analysts Forecast Growth

EQBK has been the subject of several research analyst reports. Stephens upgraded Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a research report on Monday, October 14th. 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. Finally, DA Davidson raised their price objective on shares of Equity Bancshares from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

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.