Bridgeway Capital Management LLC Sells 15,815 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

Bridgeway Capital Management LLC lessened its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,581 shares of the bank's stock after selling 15,815 shares during the period. Bridgeway Capital Management LLC owned 0.91% of Equity Bancshares worth $5,921,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EQBK. R Squared Ltd bought a new stake in shares of Equity Bancshares in the fourth quarter worth about $54,000. Aquatic Capital Management LLC acquired a new stake in Equity Bancshares in the fourth quarter valued at $98,000. Quantbot Technologies LP raised its holdings in shares of Equity Bancshares by 139.9% in the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock valued at $116,000 after purchasing an additional 1,589 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Equity Bancshares in the fourth quarter valued at approximately $119,000. Finally, AlphaQuest LLC acquired a new stake in Equity Bancshares during the 4th quarter valued at $160,000. 71.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equity Bancshares

In related news, COO Julie A. Huber sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total transaction of $156,400.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.60% of the company's stock.

Equity Bancshares Trading Down 0.7 %

NASDAQ EQBK traded down $0.29 during mid-day trading on Friday, reaching $39.50. 38,720 shares of the stock were exchanged, compared to its average volume of 56,989. 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 $691.61 million, a P/E ratio of 9.92 and a beta of 0.75. The stock has a 50 day simple moving average of $38.42 and a 200-day simple moving average of $42.27. Equity Bancshares, Inc. has a one year low of $31.75 and a one year high of $50.85.

Equity Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.52%. Equity Bancshares's dividend payout ratio is currently 15.27%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQBK. Piper Sandler reduced their price objective on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating for the company. Keefe, Bruyette & Woods reduced their price objective on 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. DA Davidson decreased their target price on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Stephens lowered their price objective on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Equity Bancshares has a consensus rating of "Moderate Buy" and a consensus target price of $46.60.

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.