The Manufacturers Life Insurance Company Has $12.56 Million Stock Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

The Manufacturers Life Insurance Company reduced its stake in Equity Bancshares, Inc. (NASDAQ:EQBKFree Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,554 shares of the bank’s stock after selling 29,881 shares during the quarter. The Manufacturers Life Insurance Company owned about 2.40% of Equity Bancshares worth $12,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. lifted its stake in Equity Bancshares by 1.7% in the fourth quarter. Federated Hermes Inc. now owns 18,425 shares of the bank’s stock valued at $625,000 after buying an additional 302 shares during the period. Denali Advisors LLC grew its holdings in Equity Bancshares by 25.5% during the fourth quarter. Denali Advisors LLC now owns 6,400 shares of the bank’s stock worth $217,000 after buying an additional 1,300 shares in the last quarter. Rocky Mountain Advisers LLC bought a new stake in Equity Bancshares during the fourth quarter worth $69,000. SG Americas Securities LLC grew its stake in 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 during the period. Finally, Barclays PLC grew 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 purchasing an additional 5,352 shares during the period. 71.80% of the stock is owned by institutional investors and hedge funds.

Equity Bancshares Stock Performance

NASDAQ:EQBK opened at $32.83 on Tuesday. The business’s 50-day moving average price is $33.47 and its two-hundred day moving average price is $32.73. Equity Bancshares, Inc. has a twelve month low of $21.79 and a twelve month high of $34.99. The stock has a market cap of $500.66 million, a P/E ratio of 54.72 and a beta of 0.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69.

Equity Bancshares (NASDAQ:EQBKGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The bank reported $1.03 EPS for the quarter, beating the consensus estimate of $0.85 by $0.18. The firm had revenue of $55.91 million for the quarter, compared to analyst estimates of $52.00 million. Equity Bancshares had a return on equity of 12.08% and a net margin of 3.88%. As a group, equities analysts predict that Equity Bancshares, Inc. will post 3.78 EPS for the current fiscal year.

Equity Bancshares Dividend Announcement

The company 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 1.46%. Equity Bancshares’s dividend payout ratio (DPR) is presently 80.00%.

Insider Activity

In other news, Director Junetta M. Everett acquired 2,903 shares of Equity Bancshares stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $34.50 per share, for a total transaction of $100,153.50. Following the transaction, the director now owns 9,813 shares of the company’s stock, valued at $338,548.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Report on EQBK

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.

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

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