Charles Schwab Investment Management Inc. Buys 721 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

Charles Schwab Investment Management Inc. increased its position in Equity Bancshares, Inc. (NASDAQ:EQBK) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,013 shares of the bank’s stock after buying an additional 721 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Equity Bancshares worth $4,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Equity Bancshares by 7.8% during the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after buying an additional 232 shares during the period. SG Americas Securities LLC raised its holdings in Equity Bancshares by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after purchasing an additional 991 shares in the last quarter. R Squared Ltd bought a new stake in shares of Equity Bancshares during the 4th quarter valued at about $54,000. Sippican Capital Advisors increased its position in shares of Equity Bancshares by 7.9% during the fourth quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock valued at $809,000 after buying an additional 1,397 shares during the period. Finally, Captrust Financial Advisors raised its stake in Equity Bancshares by 4.1% in the third 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 in the last quarter. 71.80% of the stock is currently owned by institutional investors.

Equity Bancshares Trading Down 0.6 %

Equity Bancshares stock opened at $40.29 on Wednesday. Equity Bancshares, Inc. has a 12 month low of $30.44 and a 12 month high of $50.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $42.31 and its two-hundred day simple moving average is $43.07. The company has a market capitalization of $705.44 million, a price-to-earnings ratio of 10.12 and a beta of 0.94.

Equity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is 15.08%.

Analysts Set New Price Targets

A number of research firms have weighed in on EQBK. DA Davidson reduced their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens dropped their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Hovde Group increased their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

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.