Price T Rowe Associates Inc. MD Takes Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Price T Rowe Associates Inc. MD purchased a new position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,434 shares of the bank’s stock, valued at approximately $231,000.

Several other institutional investors also recently modified their holdings of the business. R Squared Ltd bought a new position in Equity Bancshares during the 4th quarter worth $54,000. Quantbot Technologies LP increased its stake in shares of Equity Bancshares by 139.9% in the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock valued at $116,000 after buying an additional 1,589 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Equity Bancshares during the fourth quarter worth about $119,000. AlphaQuest LLC acquired a new position in shares of Equity Bancshares in the fourth quarter worth approximately $160,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Equity Bancshares in the fourth quarter worth approximately $252,000. Institutional investors own 71.80% of the company’s stock.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total value of $156,400.00. Following the transaction, the chief operating officer now directly owns 57,688 shares of the company’s stock, valued at approximately $2,255,600.80. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.60% of the company’s stock.

Equity Bancshares Price Performance

Shares of EQBK opened at $40.85 on Friday. Equity Bancshares, Inc. has a 52-week low of $31.75 and a 52-week high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50 day moving average price is $38.54 and its two-hundred day moving average price is $42.21. The firm has a market cap of $715.31 million, a PE ratio of 10.26 and a beta of 0.75.

Equity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

A number of equities analysts recently commented on EQBK shares. Janney Montgomery Scott started coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating on the stock. DA Davidson cut their price objective on Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Stephens cut their price objective on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Piper Sandler cut their price objective on Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Hovde Group lifted their price objective on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

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.