Endeavour Capital Advisors Inc. Takes $1.37 Million Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Endeavour Capital Advisors Inc. bought a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,400 shares of the bank's stock, valued at approximately $1,374,000. Endeavour Capital Advisors Inc. owned 0.21% of Equity Bancshares as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Equity Bancshares by 7.8% during 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 period. Charles Schwab Investment Management Inc. increased its stake in Equity Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock valued at $4,794,000 after purchasing an additional 721 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Equity Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 6,043 shares of the bank's stock valued at $256,000 after purchasing an additional 991 shares during the period. R Squared Ltd bought a new position in shares of Equity Bancshares during the 4th quarter worth about $54,000. Finally, Sippican Capital Advisors grew its stake in shares of Equity Bancshares by 7.9% in the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank's stock valued at $809,000 after buying an additional 1,397 shares during the period. Institutional investors own 71.80% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EQBK. Keefe, Bruyette & Woods dropped their price target on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research note on Monday. Janney Montgomery Scott assumed coverage on Equity Bancshares in a report on Thursday. They issued a "neutral" rating on the stock. DA Davidson decreased their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Hovde Group raised their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, Stephens decreased their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.20.

Equity Bancshares Stock Down 1.6 %

Shares of NASDAQ EQBK traded down $0.56 during trading on Monday, hitting $35.31. The stock had a trading volume of 28,357 shares, compared to its average volume of 54,463. 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 fifty day moving average of $41.63 and a two-hundred day moving average of $43.00. Equity Bancshares, Inc. has a 12 month low of $30.98 and a 12 month high of $50.85. The company has a market capitalization of $618.31 million, a PE ratio of 8.89 and a beta of 0.73.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. Equity Bancshares's dividend payout ratio is currently 15.08%.

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.