14,029 Shares in Equity Bancshares, Inc. $EQBK Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 14,029 shares of Equity Bancshares, valued at approximately $553,000, during the first quarter, representing 0.08% of the company's stock.
• Several institutional investors, including Wellington Management Group LLP, have significantly increased their holdings in Equity Bancshares, leading to a collective 71.80% ownership by institutional investors.
• Equity Bancshares has received positive analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $48.40, up from previous estimates.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,029 shares of the bank's stock, valued at approximately $553,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Equity Bancshares as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Equity Bancshares by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,679 shares of the bank's stock worth $381,000 after acquiring an additional 1,521 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Equity Bancshares by 1.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 141,768 shares of the bank's stock worth $5,586,000 after acquiring an additional 2,187 shares in the last quarter. AQR Capital Management LLC increased its holdings in Equity Bancshares by 334.7% in the 1st quarter. AQR Capital Management LLC now owns 48,038 shares of the bank's stock worth $1,893,000 after acquiring an additional 36,987 shares in the last quarter. FJ Capital Management LLC increased its holdings in Equity Bancshares by 7.0% in the 1st quarter. FJ Capital Management LLC now owns 1,206,571 shares of the bank's stock worth $47,539,000 after acquiring an additional 79,195 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Equity Bancshares in the 1st quarter worth approximately $145,000. Hedge funds and other institutional investors own 71.80% of the company's stock.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK traded down $0.19 during midday trading on Tuesday, reaching $40.79. 64,584 shares of the stock traded hands, compared to its average volume of 76,756. 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 capitalization of $783.96 million, a PE ratio of 10.25 and a beta of 0.83. Equity Bancshares, Inc. has a one year low of $34.11 and a one year high of $50.85. The company's 50 day moving average is $40.08 and its 200 day moving average is $39.54.

Equity Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Equity Bancshares's previous quarterly dividend of $0.15. Equity Bancshares's dividend payout ratio is currently 14.89%.

Analyst Ratings Changes

Several research analysts have weighed in on EQBK shares. Keefe, Bruyette & Woods upped their price target on Equity Bancshares from $45.00 to $47.00 and gave the stock a "market perform" rating in a research note on Thursday, September 4th. DA Davidson upped their price target on Equity Bancshares from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.40.

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.