Trexquant Investment LP purchased a new position 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. The fund purchased 7,311 shares of the bank's stock, valued at approximately $310,000.
A number of other hedge funds have also recently made changes to their positions in EQBK. 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 holdings in Equity Bancshares by 139.9% in the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock worth $116,000 after purchasing an additional 1,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Equity Bancshares during the fourth quarter worth $119,000. BNP Paribas Financial Markets boosted its position in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock worth $131,000 after purchasing an additional 232 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Equity Bancshares during the 4th quarter valued at about $160,000. 71.80% of the stock is currently owned by hedge funds and other institutional investors.
Equity Bancshares Price Performance
Shares of Equity Bancshares stock traded down $0.03 during trading hours on Friday, reaching $36.38. The stock had a trading volume of 61,041 shares, compared to its average volume of 56,123. The stock's 50 day moving average is $39.85 and its 200 day moving average is $42.56. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a twelve month low of $30.98 and a twelve month high of $50.85. The firm has a market capitalization of $636.99 million, a PE ratio of 9.14 and a beta of 0.73.
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 issued a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. Equity Bancshares's payout ratio is 15.27%.
Analyst Upgrades and Downgrades
EQBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. Piper Sandler lowered their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday. Stephens reduced their target price on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Hovde Group boosted their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, Janney Montgomery Scott began coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a "neutral" rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.60.
Get Our Latest Report on Equity Bancshares
Equity Bancshares Company Profile
(
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.
Recommended Stories
Before you consider Equity Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity Bancshares wasn't on the list.
While Equity Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
