Nuveen Asset Management LLC Has $1.57 Million Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Nuveen Asset Management LLC trimmed its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,063 shares of the bank’s stock after selling 2,381 shares during the period. Nuveen Asset Management LLC owned about 0.24% of Equity Bancshares worth $1,572,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its stake in Equity Bancshares by 11.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,528,145 shares of the bank’s stock valued at $64,824,000 after purchasing an additional 153,528 shares during the last quarter. Patriot Financial Partners GP LP increased its holdings in shares of Equity Bancshares by 21.5% during the fourth quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank’s stock worth $51,634,000 after purchasing an additional 215,000 shares during the period. FJ Capital Management LLC increased its holdings in shares of Equity Bancshares by 9.8% during the fourth quarter. FJ Capital Management LLC now owns 1,127,376 shares of the bank’s stock worth $47,823,000 after purchasing an additional 100,219 shares during the period. Vanguard Group Inc. increased its holdings in shares of Equity Bancshares by 4.6% during the fourth 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 period. Finally, Wellington Management Group LLP increased its stake in Equity Bancshares by 740.0% in the fourth quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock valued at $24,486,000 after acquiring an additional 508,509 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equity Bancshares

In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total value of $156,400.00. Following the completion of the sale, the chief operating officer now directly owns 57,688 shares of the company’s stock, valued at approximately $2,255,600.80. This represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.60% of the stock is currently owned by insiders.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK opened at $39.45 on Wednesday. The firm’s 50-day moving average price is $38.36 and its 200-day moving average price is $41.68. Equity Bancshares, Inc. has a 1-year low of $32.24 and a 1-year high of $50.85. The firm has a market capitalization of $690.98 million, a P/E ratio of 9.91 and a beta of 0.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, June 30th. Equity Bancshares’s payout ratio is presently 15.27%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods cut their price target on shares of Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Monday, April 7th. Piper Sandler cut their price target 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, DA Davidson dropped their target price on shares of Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.