Barclays PLC increased its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK – Free Report) by 247.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,308 shares of the bank’s stock after purchasing an additional 16,595 shares during the quarter. Barclays PLC owned 0.15% of Equity Bancshares worth $953,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mendon Capital Advisors Corp lifted its stake in Equity Bancshares by 2,539.9% in the 2nd quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock valued at $12,320,000 after buying an additional 336,742 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Equity Bancshares in the third quarter worth approximately $2,809,000. Foundry Partners LLC boosted its stake in shares of Equity Bancshares by 13.8% in the third quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock worth $4,886,000 after acquiring an additional 14,540 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Equity Bancshares by 35.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 41,585 shares of the bank’s stock worth $1,464,000 after purchasing an additional 10,824 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.
Equity Bancshares Trading Up 3.2 %
Shares of EQBK stock opened at $41.91 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a twelve month low of $30.44 and a twelve month high of $50.85. The company’s 50-day moving average price is $45.28 and its 200-day moving average price is $41.67. The stock has a market cap of $640.80 million, a price-to-earnings ratio of 38.10 and a beta of 0.92.
Equity Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. Equity Bancshares’s payout ratio is currently 54.55%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on EQBK. Stephens raised shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a research note on Monday, October 14th. DA Davidson increased their price objective 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 raised their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.
About Equity Bancshares
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.
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