Equity Bancshares, Inc. (NASDAQ:EQBK) Short Interest Update

Equity Bancshares, Inc. (NASDAQ:EQBKGet Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 188,600 shares, an increase of 28.9% from the March 15th total of 146,300 shares. Based on an average trading volume of 44,700 shares, the days-to-cover ratio is presently 4.2 days.

Several equities analysts have recently issued reports on the company. StockNews.com cut Equity Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Zacks Investment Research lowered Equity Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 8th.

Shares of Equity Bancshares stock traded up $0.17 on Monday, hitting $31.00. 289 shares of the company were exchanged, compared to its average volume of 46,428. The stock has a market cap of $516.46 million, a PE ratio of 8.91 and a beta of 0.72. The stock’s 50-day moving average is $31.55. Equity Bancshares has a 1-year low of $27.69 and a 1-year high of $36.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.19.

Equity Bancshares (NASDAQ:EQBKGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. Equity Bancshares had a return on equity of 12.44% and a net margin of 27.59%. The firm had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $46.39 million. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, sell-side analysts predict that Equity Bancshares will post 2.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Wednesday, March 30th. Equity Bancshares’s dividend payout ratio is presently 9.25%.

In other news, Director Gregory L. Gaeddert sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $32.79, for a total value of $65,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 2,886 shares of company stock valued at $94,251. 8.10% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Equity Bancshares by 2.0% during the fourth quarter. BlackRock Inc. now owns 1,080,716 shares of the bank’s stock worth $36,668,000 after purchasing an additional 21,460 shares in the last quarter. FJ Capital Management LLC lifted its stake in Equity Bancshares by 43.1% during the third quarter. FJ Capital Management LLC now owns 1,000,000 shares of the bank’s stock worth $33,396,000 after purchasing an additional 301,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Equity Bancshares by 1.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 459,833 shares of the bank’s stock worth $15,602,000 after purchasing an additional 4,956 shares in the last quarter. State Street Corp lifted its stake in Equity Bancshares by 1.8% during the fourth quarter. State Street Corp now owns 258,420 shares of the bank’s stock worth $8,789,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Equity Bancshares by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 230,446 shares of the bank’s stock worth $7,819,000 after purchasing an additional 693 shares in the last quarter. Institutional investors own 56.00% of the company’s stock.

Equity Bancshares Company Profile (Get Rating)

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-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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