GSA Capital Partners LLP Invests $561,000 in Equity Bancshares, Inc. (NASDAQ:EQBK)

Key Points

• GSA Capital Partners LLP purchased 14,230 shares of Equity Bancshares, valued at approximately $561,000, indicating growing institutional interest in the bank.
• Institutions collectively own 71.80% of Equity Bancshares, with several firms, including Deutsche Bank and Jane Street Group, significantly increasing their stakes in the past quarters.
• Equity Bancshares recently announced a quarterly dividend of $0.15 per share, yielding 1.6%, with a low dividend payout ratio of 14.89%.

GSA Capital Partners LLP bought a new stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,230 shares of the bank's stock, valued at approximately $561,000. GSA Capital Partners LLP owned approximately 0.08% of Equity Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EQBK. Bellwether Advisors LLC purchased a new stake in shares of Equity Bancshares in the first quarter worth about $39,000. TD Asset Management Inc grew its stake in shares of Equity Bancshares by 6.0% during the first quarter. TD Asset Management Inc now owns 50,114 shares of the bank's stock valued at $1,974,000 after buying an additional 2,836 shares during the last quarter. Caliber Wealth Management LLC KS bought a new position in shares of Equity Bancshares during the first quarter valued at approximately $349,000. Princeton Capital Management LLC bought a new position in Equity Bancshares in the first quarter worth approximately $217,000. Finally, CWM LLC grew its stake in Equity Bancshares by 311.5% in the first quarter. CWM LLC now owns 2,041 shares of the bank's stock worth $80,000 after purchasing an additional 1,545 shares in the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EQBK has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. DA Davidson lifted their price objective on Equity Bancshares from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods lifted their price target on Equity Bancshares from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.80.

Equity Bancshares Trading Down 0.0%

EQBK traded down $0.00 on Thursday, reaching $36.59. 61,983 shares of the company's stock were exchanged, compared to its average volume of 74,193. The company's 50 day moving average is $39.93 and its 200-day moving average is $40.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. Equity Bancshares, Inc. has a twelve month low of $34.11 and a twelve month high of $50.85. The company has a market cap of $640.80 million, a price-to-earnings ratio of 9.21 and a beta of 0.85.

Equity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. Equity Bancshares's payout ratio is currently 14.89%.

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.