LSV Asset Management Takes $3.06 Million Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

LSV Asset Management acquired a new stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 90,301 shares of the bank’s stock, valued at approximately $3,061,000. LSV Asset Management owned approximately 0.59% of Equity Bancshares at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EQBK. SG Americas Securities LLC bought a new position in shares of Equity Bancshares during the 3rd quarter valued at about $164,000. Barclays PLC lifted its stake in Equity Bancshares by 60.9% in the 3rd quarter. Barclays PLC now owns 14,143 shares of the bank’s stock valued at $340,000 after acquiring an additional 5,352 shares in the last quarter. Jackson Hole Capital Partners LLC bought a new stake in Equity Bancshares in the 3rd quarter valued at approximately $210,000. Hsbc Holdings PLC bought a new stake in Equity Bancshares in the 3rd quarter valued at approximately $202,000. Finally, Vanguard Group Inc. lifted its stake in Equity Bancshares by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 764,382 shares of the bank’s stock valued at $18,399,000 after acquiring an additional 9,639 shares in the last quarter. Institutional investors own 71.80% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler boosted their target price on Equity Bancshares from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.67.

Equity Bancshares Price Performance

Shares of EQBK stock opened at $33.99 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.74. Equity Bancshares, Inc. has a twelve month low of $20.50 and a twelve month high of $34.99. The company has a market cap of $524.74 million, a P/E ratio of 56.65 and a beta of 0.91. The business has a fifty day simple moving average of $32.82 and a 200 day simple moving average of $31.34.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 annualized dividend and a yield of 1.41%. Equity Bancshares’s dividend payout ratio is presently 80.00%.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, CEO Brad S. Elliott sold 6,290 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $31.57, for a total value of $198,575.30. Following the completion of the transaction, the chief executive officer now directly owns 152,088 shares in the company, valued at $4,801,418.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.00% of the company’s stock.

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.