Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in Equity Bancshares, Inc. (NASDAQ:EQBKFree Report) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,381 shares of the bank’s stock after selling 3,600 shares during the period. Swiss National Bank owned approximately 0.18% of Equity Bancshares worth $928,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. lifted its stake in shares of Equity Bancshares by 1.7% in the 4th quarter. Federated Hermes Inc. now owns 18,425 shares of the bank’s stock worth $625,000 after acquiring an additional 302 shares during the period. Denali Advisors LLC increased its holdings in shares of Equity Bancshares by 25.5% in the 4th quarter. Denali Advisors LLC now owns 6,400 shares of the bank’s stock valued at $217,000 after purchasing an additional 1,300 shares in the last quarter. Rocky Mountain Advisers LLC purchased a new position in shares of Equity Bancshares in the 4th quarter valued at about $69,000. SG Americas Securities LLC increased its holdings in shares of Equity Bancshares by 31.7% in the 4th quarter. SG Americas Securities LLC now owns 8,978 shares of the bank’s stock valued at $304,000 after purchasing an additional 2,162 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of 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 purchasing an additional 5,352 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Trading Up 1.6 %

EQBK opened at $33.37 on Friday. The stock has a market capitalization of $508.89 million, a PE ratio of 55.62 and a beta of 0.91. The firm’s fifty day moving average price is $33.53 and its 200 day moving average price is $32.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.83. Equity Bancshares, Inc. has a 12-month low of $21.79 and a 12-month high of $34.99.

Equity Bancshares (NASDAQ:EQBKGet Free Report) last issued its earnings results on Tuesday, April 16th. The bank reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.08%. The company had revenue of $55.91 million for the quarter, compared to analysts’ expectations of $52.00 million. As a group, research analysts expect that Equity Bancshares, Inc. will post 3.78 EPS for the current fiscal year.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.44%. Equity Bancshares’s dividend payout ratio (DPR) is 80.00%.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Equity Bancshares

Insider Activity

In other Equity Bancshares news, Director Junetta M. Everett acquired 2,903 shares of Equity Bancshares stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $34.50 per share, for a total transaction of $100,153.50. Following the transaction, the director now owns 9,813 shares in the company, valued at approximately $338,548.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.00% of the company’s stock.

Equity Bancshares 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.

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Institutional Ownership by Quarter for Equity Bancshares (NASDAQ:EQBK)

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