T. Rowe Price Investment Management Inc. Buys 153,528 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

T. Rowe Price Investment Management Inc. boosted its stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,528,145 shares of the bank's stock after buying an additional 153,528 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 9.99% of Equity Bancshares worth $64,824,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EQBK. Wellington Management Group LLP boosted its stake in shares of Equity Bancshares by 740.0% in the 4th quarter. Wellington Management Group LLP now owns 577,230 shares of the bank's stock valued at $24,486,000 after purchasing an additional 508,509 shares in the last quarter. Patriot Financial Partners GP LP lifted its holdings in Equity Bancshares by 21.5% during the 4th quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank's stock valued at $51,634,000 after purchasing an additional 215,000 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in Equity Bancshares in the fourth quarter valued at about $3,593,000. Mendon Capital Advisors Corp grew its stake in Equity Bancshares by 25.2% during the fourth quarter. Mendon Capital Advisors Corp now owns 403,208 shares of the bank's stock worth $17,104,000 after buying an additional 81,118 shares during the last quarter. Finally, Stieven Capital Advisors L.P. acquired a new stake in shares of Equity Bancshares during the fourth quarter worth approximately $2,121,000. 71.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EQBK shares. Janney Montgomery Scott began coverage on Equity Bancshares in a report on Thursday, April 3rd. They issued a "neutral" rating on the stock. DA Davidson lowered their target price on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Piper Sandler reduced their price target 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. Hovde Group boosted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Finally, Stephens decreased their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.60.

Equity Bancshares Trading Up 1.0 %

EQBK stock traded up $0.39 during midday trading on Tuesday, reaching $38.85. The stock had a trading volume of 45,517 shares, compared to its average volume of 56,343. 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, Inc. has a twelve month low of $31.75 and a twelve month high of $50.85. The firm has a market cap of $680.22 million, a price-to-earnings ratio of 9.76 and a beta of 0.73. The business has a fifty day simple moving average of $38.92 and a two-hundred day simple moving average of $42.49.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 31st. Equity Bancshares's dividend payout ratio (DPR) is 15.27%.

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.