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

Barclays PLC grew its position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 247.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,308 shares of the bank's stock after acquiring an additional 16,595 shares during the quarter. Barclays PLC owned about 0.15% of Equity Bancshares worth $953,000 at the end of the most recent reporting period.

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

Equity Bancshares Stock Performance

NASDAQ EQBK traded down $0.16 on Tuesday, hitting $42.42. 38,794 shares of the company's stock traded hands, compared to its average volume of 50,257. The firm's 50-day moving average price is $45.56 and its two-hundred day moving average price is $41.13. The firm has a market capitalization of $648.60 million, a PE ratio of 38.56 and a beta of 0.90. 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, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.32. The company had revenue of $55.35 million during the quarter, compared to analysts' expectations 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 expect that Equity Bancshares, Inc. will post 4.27 EPS for the current year.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 yield of 1.41%. The ex-dividend date of this dividend is Tuesday, December 31st. Equity Bancshares's dividend payout ratio is presently 54.55%.

Analyst Upgrades and Downgrades

EQBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price target 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. Stephens raised shares of 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. Finally, DA Davidson lifted their price target on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th.

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.