Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 247.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,308 shares of the bank's stock after buying an additional 16,595 shares during the period. Barclays PLC owned 0.15% of Equity Bancshares worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in Equity Bancshares in the 3rd quarter valued at $2,809,000. State Street Corp increased its holdings in shares of 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 buying an additional 8,103 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of Equity Bancshares during the 3rd quarter valued at approximately $282,000. Captrust Financial Advisors grew its position 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 acquiring an additional 1,481 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock worth $131,000 after acquiring an additional 232 shares during the period. 71.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on EQBK. 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 report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, DA Davidson increased their target price on shares of Equity Bancshares from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th.

Equity Bancshares Trading Up 2.2 %

EQBK traded up $0.91 during mid-day trading on Wednesday, hitting $42.84. 38,653 shares of the stock were exchanged, compared to its average volume of 62,075. The firm's fifty day moving average is $45.28 and its two-hundred day moving average is $41.67. Equity Bancshares, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85. The company has a market cap of $655.02 million, a PE ratio of 38.95 and a beta of 0.92. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78.

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

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, December 31st. Equity Bancshares's dividend payout ratio is currently 54.55%.

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.