Equity Bancshares, Inc. (NASDAQ:EQBK) is Mendon Capital Advisors Corp's Largest Position

Mendon Capital Advisors Corp increased its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,208 shares of the bank's stock after purchasing an additional 81,118 shares during the quarter. Equity Bancshares makes up 8.4% of Mendon Capital Advisors Corp's holdings, making the stock its largest position. Mendon Capital Advisors Corp owned 2.64% of Equity Bancshares worth $17,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Equity Bancshares during the fourth quarter valued at about $54,000. Quantbot Technologies LP grew its position in shares of Equity Bancshares by 139.9% in the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock worth $116,000 after buying an additional 1,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Equity Bancshares during the 4th quarter worth approximately $119,000. AlphaQuest LLC purchased a new stake in Equity Bancshares during the fourth quarter valued at approximately $160,000. Finally, EntryPoint Capital LLC acquired a new stake in Equity Bancshares in the fourth quarter valued at approximately $252,000. Institutional investors own 71.80% of the company's stock.

Equity Bancshares Stock Performance

NASDAQ EQBK traded down $0.47 during trading hours on Friday, reaching $38.11. The stock had a trading volume of 40,731 shares, compared to its average volume of 56,289. Equity Bancshares, Inc. has a 52-week low of $31.75 and a 52-week high of $50.85. The stock has a fifty day moving average of $39.13 and a 200 day moving average of $42.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $667.27 million, a P/E ratio of 9.58 and a beta of 0.73.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Equity Bancshares's payout ratio is currently 15.27%.

Wall Street Analyst Weigh In

EQBK has been the topic of several research analyst reports. Janney Montgomery Scott assumed coverage on Equity Bancshares in a research note on Thursday, April 3rd. They set a "neutral" rating on the stock. Stephens cut their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Piper Sandler dropped their target price on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson decreased their price target on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Equity Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.60.

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.