1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its stake in Equity Bancshares, Inc. ( NASDAQ:EQBK – Free Report ) by 6.
7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,574 shares of the bank’s stock after purchasing an additional 24,117 shares during the period. JPMorgan Chase & Co.
owned about 2.52% of Equity Bancshares worth $16,314,000 at the end of the most recent quarter. Other large investors have also recently bought and sold shares of the company.
Patriot Financial Partners GP LP increased its stake in Equity Bancshares by 21.5% in the fourth 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 period.
Vanguard Group Inc. boosted 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 worth $35,672,000 after buying an additional 37,187 shares during the last quarter. State Street Corp increased its position in Equity Bancshares by 2.
6% during the 3rd quarter. State Street Corp now owns 314,889 shares of the bank’s stock worth $12,919,000 after purchasing an additional 8,103 shares in the last quarter. Charles Schwab Investment Management Inc.
grew 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 valued at $4,794,000 after acquiring an additional 721 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Equity Bancshares in the 3rd quarter valued at approximately $2,809,000. Hedge funds and other institutional investors own 71.
80% of the company’s stock. Analyst Ratings Changes Several equities research analysts have weighed in on EQBK shares. DA Davidson dropped their target price on Equity Bancshares from $50.
00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Janney Montgomery Scott initiated coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd.
They set a “neutral” rating on the stock. Stephens reduced their target price on shares of Equity Bancshares from $52.00 to $49.
00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Hovde Group raised their price objective on shares of Equity Bancshares from $56.00 to $57.
00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Equity Bancshares from $46.00 to $44.
00 and set a “market perform” rating on the stock in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.
20. Equity Bancshares Stock Up 0.9 % Shares of EQBK stock opened at $35.
36 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.
86 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average price is $40.
50 and its two-hundred day moving average price is $42.70. The firm has a market capitalization of $619.
15 million, a P/E ratio of 8.88 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. Equity Bancshares Announces Dividend The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.
70%. The ex-dividend date is Monday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is presently 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 Receive News & Ratings for Equity Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Bancshares and related companies with MarketBeat.com's FREE daily email newsletter .
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