1 week Ago By Defense World Staff
Corebridge Financial Inc. reduced its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK – Free Report) by 7.
0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,130 shares of the bank’s stock after selling 539 shares during the period. Corebridge Financial Inc.
’s holdings in Equity Bancshares were worth $302,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Patriot Financial Partners GP LP raised 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 acquiring an additional 215,000 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its position in shares of Equity Bancshares by 175.6% in the third quarter. Charles Schwab Investment Management Inc.
now owns 112,292 shares of the bank’s stock valued at $4,590,000 after purchasing an additional 71,547 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Equity Bancshares in the third quarter worth $2,809,000. Stieven Capital Advisors L.
P. bought a new stake in shares of Equity Bancshares during the 4th quarter worth $2,121,000. Finally, Vanguard Group Inc.
grew its stake in Equity Bancshares by 4.6% in the 4th quarter. Vanguard Group Inc.
now owns 840,934 shares of the bank’s stock valued at $35,672,000 after buying an additional 37,187 shares during the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.
Equity Bancshares Stock PerformanceEQBK opened at $35.06 on Friday. The stock has a market cap of $613.
92 million, a PE ratio of 8.81 and a beta of 0.73.
Equity Bancshares, Inc. has a 1 year low of $30.98 and a 1 year high of $50.
85. The stock’s 50 day simple moving average is $40.68 and its 200-day simple moving average is $42.
74. 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 Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.
60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Monday, March 31st.
Equity Bancshares’s dividend payout ratio is 15.08%. Wall Street Analyst Weigh InA number of research analysts have weighed in on EQBK shares.
Janney Montgomery Scott began coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They set a “neutral” rating for the company. Keefe, Bruyette & Woods decreased their target price on Equity Bancshares from $46.
00 to $44.00 and set a “market perform” rating for the company in a research note on Monday. Hovde Group lifted their price target on Equity Bancshares from $56.
00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Stephens reduced their price objective on Equity Bancshares from $52.
00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, DA Davidson dropped their target price on shares of Equity Bancshares from $50.
00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock.
According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.Read Our Latest Report on EQBKEquity Bancshares 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.Further ReadingFive stocks we like better than Equity BancsharesShould You Add These Warren Buffett Stocks to Your Portfolio?Joby Aviation: Operational Momentum vs.
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