Caliber Wealth Management LLC KS purchased a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,857 shares of the bank's stock, valued at approximately $349,000. Caliber Wealth Management LLC KS owned 0.05% of Equity Bancshares as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of Equity Bancshares by 311.5% during the 1st quarter. CWM LLC now owns 2,041 shares of the bank's stock worth $80,000 after purchasing an additional 1,545 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Equity Bancshares during the 4th quarter worth $98,000. Quantbot Technologies LP lifted its position in shares of Equity Bancshares by 139.9% during the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock worth $116,000 after purchasing an additional 1,589 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Equity Bancshares during the 4th quarter worth $119,000. Finally, GAMMA Investing LLC lifted its position in shares of Equity Bancshares by 81,650.0% during the 1st quarter. GAMMA Investing LLC now owns 3,270 shares of the bank's stock worth $129,000 after purchasing an additional 3,266 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company's stock.
Insider Activity
In other news, COO Julie A. Huber sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total transaction of $156,400.00. Following the transaction, the chief operating officer directly owned 57,688 shares in the company, valued at $2,255,600.80. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.60% of the stock is currently owned by company insiders.
Equity Bancshares Stock Performance
NASDAQ EQBK traded up $0.06 during trading on Wednesday, reaching $38.05. The company's stock had a trading volume of 9,389 shares, compared to its average volume of 72,590. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $666.36 million, a price-to-earnings ratio of 9.56 and a beta of 0.78. Equity Bancshares, Inc. has a twelve month low of $32.95 and a twelve month high of $50.85. The business's fifty day moving average price is $40.16 and its 200-day moving average price is $40.38.
Equity Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. Equity Bancshares's dividend payout ratio (DPR) is 14.89%.
Analyst Ratings Changes
Several research firms have recently issued reports on EQBK. Keefe, Bruyette & Woods lifted their price objective on shares of Equity Bancshares from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Janney Montgomery Scott started coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They issued a "neutral" rating for the company. DA Davidson boosted their price target on shares of Equity Bancshares from $39.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, Piper Sandler reduced their price target on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.80.
Get Our Latest Stock Report on Equity Bancshares
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.
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