Swiss National Bank Grows Stock Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Swiss National Bank increased its position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,081 shares of the bank’s stock after buying an additional 3,200 shares during the period. Swiss National Bank owned about 0.20% of Equity Bancshares worth $1,276,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EQBK. JPMorgan Chase & Co. boosted its holdings in shares of Equity Bancshares by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock valued at $14,735,000 after buying an additional 17,431 shares in the last quarter. State Street Corp lifted its position in 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 acquiring an additional 8,103 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Equity Bancshares by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank’s stock worth $4,794,000 after purchasing an additional 721 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Equity Bancshares in the 3rd quarter valued at $2,809,000. Finally, Stieven Capital Advisors L.P. acquired a new stake in Equity Bancshares during the 4th quarter worth about $2,121,000. Institutional investors own 71.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQBK. DA Davidson cut their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Stephens dropped their price target on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Hovde Group boosted their target price on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Equity Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Equity Bancshares Trading Down 2.2 %

EQBK opened at $39.48 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a market cap of $691.20 million, a P/E ratio of 9.92 and a beta of 0.94. The business has a fifty day simple moving average of $42.14 and a 200-day simple moving average of $43.06. Equity Bancshares, Inc. has a 52 week low of $30.44 and a 52 week high of $50.85.

Equity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is currently 15.08%.

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.