ELCO Management Co. LLC Increases Stock Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

ELCO Management Co. LLC increased its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 202.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,279 shares of the bank's stock after acquiring an additional 20,279 shares during the quarter. ELCO Management Co. LLC owned about 0.20% of Equity Bancshares worth $1,284,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock valued at $131,000 after buying an additional 232 shares during the period. Invesco Ltd. increased its stake in Equity Bancshares by 1.5% during the 4th quarter. Invesco Ltd. now owns 26,266 shares of the bank's stock worth $1,114,000 after buying an additional 387 shares during the period. Legal & General Group Plc lifted its holdings in Equity Bancshares by 3.0% during the 4th quarter. Legal & General Group Plc now owns 14,033 shares of the bank's stock worth $595,000 after buying an additional 414 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Equity Bancshares by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock valued at $4,794,000 after buying an additional 721 shares during the period. Finally, SG Americas Securities LLC grew 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 acquiring an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company's stock.

Equity Bancshares Stock Performance

Shares of Equity Bancshares stock traded down $0.63 on Monday, hitting $34.67. The stock had a trading volume of 18,768 shares, compared to its average volume of 55,422. The stock has a market cap of $607.04 million, a price-to-earnings ratio of 8.71 and a beta of 0.73. 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 52-week low of $30.98 and a 52-week high of $50.85. The company's 50 day moving average price is $40.50 and its 200 day moving average price is $42.72.

Equity Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. Equity Bancshares's dividend payout ratio (DPR) is presently 15.08%.

Analyst Ratings Changes

EQBK has been the topic of several recent research reports. Janney Montgomery Scott started coverage on Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating on the stock. DA Davidson reduced their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Stephens lowered their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. Finally, Hovde Group increased their target price on Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $47.20.

Equity Bancshares Profile

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.