Stieven Capital Advisors L.P. Invests $2.12 Million in Equity Bancshares, Inc. (NASDAQ:EQBK)

Stieven Capital Advisors L.P. acquired a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the bank's stock, valued at approximately $2,121,000. Stieven Capital Advisors L.P. owned about 0.33% of Equity Bancshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 232 shares during the last quarter. SG Americas Securities LLC increased its holdings in Equity Bancshares by 19.6% in the fourth quarter. SG Americas Securities LLC now owns 6,043 shares of the bank's stock valued at $256,000 after buying an additional 991 shares during the last quarter. R Squared Ltd bought a new stake in Equity Bancshares in the fourth quarter valued at about $54,000. Sippican Capital Advisors increased its holdings in Equity Bancshares by 7.9% in the fourth 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 last quarter. Finally, Captrust Financial Advisors increased its holdings in Equity Bancshares by 4.1% in the third quarter. Captrust Financial Advisors now owns 37,735 shares of the bank's stock valued at $1,543,000 after buying an additional 1,481 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Stock Performance

Shares of NASDAQ:EQBK traded up $0.07 during trading on Wednesday, hitting $43.96. 40,442 shares of the company traded hands, compared to its average volume of 70,383. The stock has a market capitalization of $672.15 million, a price-to-earnings ratio of 11.05 and a beta of 0.91. The business's fifty day moving average is $43.36 and its 200-day moving average is $42.60. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. Equity Bancshares's dividend payout ratio is presently 15.08%.

Analysts Set New Price Targets

Several analysts recently weighed in on EQBK shares. DA Davidson lowered their price objective on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Stephens lowered their target price on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Hovde Group upped their target price on Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equity Bancshares has an average rating of "Moderate Buy" and an average price target of $48.00.

About Equity Bancshares

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.