Wellington Management Group LLP Invests $2.81 Million in Equity Bancshares, Inc. (NASDAQ:EQBK)

Wellington Management Group LLP purchased a new position in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 68,721 shares of the bank's stock, valued at approximately $2,809,000. Wellington Management Group LLP owned 0.45% of Equity Bancshares at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock valued at $131,000 after acquiring an additional 232 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in Equity Bancshares during the third quarter valued at $203,000. SG Americas Securities LLC boosted its holdings in Equity Bancshares by 74.1% in the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank's stock valued at $207,000 after purchasing an additional 2,150 shares during the last quarter. Triune Financial Partners LLC acquired a new stake in Equity Bancshares during the 3rd quarter worth about $268,000. Finally, PDT Partners LLC purchased a new position in shares of Equity Bancshares during the 3rd quarter valued at about $282,000. 71.80% of the stock is owned by hedge funds and other institutional investors.

Equity Bancshares Price Performance

Shares of NASDAQ:EQBK traded down $1.99 during trading on Wednesday, reaching $43.51. 167,080 shares of the company's stock traded hands, compared to its average volume of 48,845. The firm has a market cap of $665.27 million, a PE ratio of 39.55 and a beta of 0.90. Equity Bancshares, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $50.85. 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 company has a 50-day simple moving average of $45.50 and a 200-day simple moving average of $40.47.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The bank reported $1.31 EPS for the quarter, beating the consensus estimate of $0.99 by $0.32. The company had revenue of $55.35 million for the quarter, compared to analyst estimates of $55.77 million. Equity Bancshares had a return on equity of 13.53% and a net margin of 6.36%. As a group, analysts predict that Equity Bancshares, Inc. will post 4.27 earnings per share for the current year.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 31st. Equity Bancshares's payout ratio is presently 54.55%.

Wall Street Analysts Forecast Growth

EQBK has been the topic of a number of recent research reports. Stephens upgraded 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 upped their price objective on Equity Bancshares from $42.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. 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 note on Wednesday, December 4th.

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.