Stieven Capital Advisors L.P. Purchases Shares of 50,000 Equity Bancshares, Inc. (NASDAQ:EQBK)

Stieven Capital Advisors L.P. acquired a new stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the bank’s stock, valued at approximately $2,121,000. Stieven Capital Advisors L.P. owned about 0.33% of Equity Bancshares as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Equity Bancshares by 175.6% in the 3rd 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 purchased a new stake in Equity Bancshares during the third quarter valued at about $2,809,000. JPMorgan Chase & Co. boosted its holdings in shares of Equity Bancshares by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock worth $14,735,000 after buying an additional 17,431 shares during the period. Barclays PLC increased its position in shares of Equity Bancshares by 247.2% in the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock worth $953,000 after acquiring an additional 16,595 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Equity Bancshares by 13.8% during the third quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after acquiring an additional 14,540 shares during the period. 71.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQBK has been the subject of a number of recent analyst reports. 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 research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens dropped their price target on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, DA Davidson decreased their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Equity Bancshares currently has an average rating of “Moderate Buy” and an average price target of $48.00.

Equity Bancshares Trading Down 0.4 %

NASDAQ EQBK opened at $43.32 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. Equity Bancshares, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85. The firm’s fifty day simple moving average is $43.44 and its 200-day simple moving average is $42.55. The company has a market capitalization of $662.32 million, a PE ratio of 10.88 and a beta of 0.91.

Equity Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, December 31st. Equity Bancshares’s payout ratio is currently 15.08%.

About Equity Bancshares

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.