Arrowstreet Capital Limited Partnership Has $1.69 Million Stake in Equity Bancshares, Inc. (NASDAQ:EQBK)

Arrowstreet Capital Limited Partnership raised its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 155.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,943 shares of the bank's stock after buying an additional 24,279 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.26% of Equity Bancshares worth $1,694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EQBK. Patriot Financial Partners GP LP grew its stake in Equity Bancshares by 21.5% in the fourth quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank's stock valued at $51,634,000 after acquiring an additional 215,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Equity Bancshares by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 840,934 shares of the bank's stock valued at $35,672,000 after purchasing an additional 37,187 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Equity Bancshares by 6.7% in the 4th quarter. JPMorgan Chase & Co. now owns 384,574 shares of the bank's stock valued at $16,314,000 after purchasing an additional 24,117 shares during the period. State Street Corp increased its stake 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 purchasing an additional 8,103 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Equity Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock worth $4,794,000 after buying an additional 721 shares during the period. 71.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They set a "neutral" rating for the company. DA Davidson lowered their target price on 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 on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research report on Monday, April 7th. Finally, Hovde Group increased their price objective on Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.20.

Equity Bancshares Stock Down 0.8 %

NASDAQ:EQBK traded down $0.29 on Wednesday, hitting $35.67. 6,313 shares of the company's stock were exchanged, compared to its average volume of 55,775. The firm has a 50-day moving average price of $40.16 and a 200-day moving average price of $42.63. 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. The company has a market cap of $624.55 million, a P/E ratio of 8.96 and a beta of 0.73.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.68%. Equity Bancshares's dividend payout ratio (DPR) is presently 15.08%.

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.