Invesco Ltd. Grows Stock Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Invesco Ltd. grew its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,266 shares of the bank’s stock after purchasing an additional 387 shares during the quarter. Invesco Ltd. owned approximately 0.17% of Equity Bancshares worth $1,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in shares of Equity Bancshares by 740.0% during the 4th quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock worth $24,486,000 after buying an additional 508,509 shares during the last quarter. Patriot Financial Partners GP LP lifted its stake in shares of Equity Bancshares by 21.5% in the 4th quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank’s stock valued at $51,634,000 after purchasing an additional 215,000 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new position in shares of Equity Bancshares during the 4th quarter worth $2,121,000. Vanguard Group Inc. increased its position in shares of Equity Bancshares by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 840,934 shares of the bank’s stock worth $35,672,000 after purchasing an additional 37,187 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. purchased a new position in Equity Bancshares during the fourth quarter worth about $1,374,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Price Performance

Equity Bancshares stock opened at $38.66 on Friday. The firm has a fifty day moving average of $38.76 and a 200-day moving average of $42.44. Equity Bancshares, Inc. has a 52-week low of $31.75 and a 52-week high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $676.81 million, a P/E ratio of 9.71 and a beta of 0.73.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. Equity Bancshares’s dividend payout ratio (DPR) is 15.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EQBK shares. Stephens decreased their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. DA Davidson decreased their price objective on Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Hovde Group boosted their price objective on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on shares of Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.60.

Equity Bancshares 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.