2 weeks Ago By Defense World Staff
Raymond James Financial Inc. bought a new stake in shares of Equity Bancshares, Inc. ( NASDAQ:EQBK – Free Report ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor bought 16,575 shares of the bank’s stock, valued at approximately $703,000. Raymond James Financial Inc. owned about 0.
11% of Equity Bancshares at the end of the most recent quarter. Several other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Equity Bancshares by 7.
8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after purchasing an additional 232 shares during the period. Charles Schwab Investment Management Inc.
increased its position in Equity Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 113,013 shares of the bank’s stock worth $4,794,000 after buying an additional 721 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Equity Bancshares by 19.6% in the fourth quarter.
SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after buying an additional 991 shares during the period. R Squared Ltd purchased a new position in shares of Equity Bancshares during the 4th quarter valued at about $54,000. Finally, Sippican Capital Advisors grew its stake in shares of Equity Bancshares by 7.
9% during the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock valued at $809,000 after acquiring an additional 1,397 shares during the period. Hedge funds and other institutional investors own 71.
80% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have weighed in on EQBK shares. Hovde Group lifted their price target on shares of Equity Bancshares from $56.
00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Stephens decreased their price objective on shares of Equity Bancshares from $52.
00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. DA Davidson dropped their target price on shares of Equity Bancshares from $50.
00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott started coverage on Equity Bancshares in a research note on Thursday.
They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.
00. Equity Bancshares Trading Down 2.4 % Equity Bancshares stock opened at $35.
89 on Friday. Equity Bancshares, Inc. has a 1 year low of $30.
98 and a 1 year high of $50.85. The firm’s 50 day moving average price is $41.
63 and its 200-day moving average price is $42.99. The company has a debt-to-equity ratio of 0.
78, a current ratio of 0.86 and a quick ratio of 0.86.
The stock has a market cap of $628.31 million, a P/E ratio of 9.02 and a beta of 0.
73. Equity Bancshares Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.
15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.
60 annualized dividend and a yield of 1.67%. Equity Bancshares’s dividend payout ratio (DPR) is currently 15.
08%. 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. See Also Five stocks we like better than Equity Bancshares How to Calculate Inflation Rate Conagra Stock Could Thrive as Tariffs Hit Other Sectors How to Plot Fibonacci Price Inflection Levels Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds What is MarketRankTM? How to Use it Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? Want to see what other hedge funds are holding EQBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Bancshares, Inc.
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