Raymond James Financial Inc. bought a new position in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,575 shares of the bank's stock, valued at approximately $703,000. Raymond James Financial Inc. owned approximately 0.11% of Equity Bancshares at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in Equity Bancshares by 7.8% during the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock worth $131,000 after purchasing an additional 232 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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. SG Americas Securities LLC lifted its position in shares of 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 buying an additional 991 shares during the last quarter. R Squared Ltd acquired a new position in shares of Equity Bancshares in the 4th quarter valued at about $54,000. Finally, Sippican Capital Advisors grew its position in shares of Equity Bancshares by 7.9% during the 4th 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 last quarter. 71.80% of the stock is currently owned by institutional investors.
Equity Bancshares Stock Performance
Shares of NASDAQ EQBK traded down $1.97 during midday trading on Thursday, reaching $35.06. 106,873 shares of the company traded hands, compared to its average volume of 55,530. The company has a market cap of $613.92 million, a price-to-earnings ratio of 8.81 and a beta of 0.73. The stock has a 50-day moving average price of $40.68 and a 200 day moving average price of $42.74. Equity Bancshares, Inc. has a 52 week low of $30.98 and a 52 week high of $50.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86.
Equity Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.71%. Equity Bancshares's dividend payout ratio is presently 15.08%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on EQBK shares. Hovde Group raised their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Stephens cut their target price on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. DA Davidson lowered their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They issued a "neutral" rating on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.20.
View Our Latest Research Report on EQBK
About Equity Bancshares
(
Free Report)
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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