Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,458 shares of the bank's stock, valued at approximately $698,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of Equity Bancshares as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Equity Bancshares by 175.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank's stock worth $4,590,000 after buying an additional 71,547 shares during the period. Wellington Management Group LLP bought a new position in shares of Equity Bancshares in the third quarter worth approximately $2,809,000. Stieven Capital Advisors L.P. bought a new stake in Equity Bancshares during the 4th quarter valued at $2,121,000. JPMorgan Chase & Co. boosted its position in Equity Bancshares by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank's stock valued at $14,735,000 after buying an additional 17,431 shares during the period. Finally, Barclays PLC grew its holdings in Equity Bancshares by 247.2% in the 3rd quarter. Barclays PLC now owns 23,308 shares of the bank's stock worth $953,000 after acquiring an additional 16,595 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on EQBK shares. Stephens lowered their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Hovde Group lifted their price objective on Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Finally, DA Davidson reduced their target price on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.00.
Read Our Latest Report on Equity Bancshares
Equity Bancshares Stock Down 0.1 %
EQBK traded down $0.04 on Wednesday, hitting $40.25. The company had a trading volume of 47,045 shares, compared to its average volume of 51,927. The stock has a fifty day simple moving average of $42.31 and a 200-day simple moving average of $43.07. 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 firm has a market capitalization of $704.81 million, a P/E ratio of 10.11 and a beta of 0.94. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85.
Equity Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, March 31st. Equity Bancshares's dividend payout ratio is presently 15.08%.
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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