Jane Street Group LLC Buys 27,397 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

Jane Street Group LLC boosted its stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 292.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,757 shares of the bank's stock after buying an additional 27,397 shares during the period. Jane Street Group LLC owned 0.24% of Equity Bancshares worth $1,559,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of Equity Bancshares by 740.0% in the 4th quarter. Wellington Management Group LLP now owns 577,230 shares of the bank's stock valued at $24,486,000 after purchasing an additional 508,509 shares during the period. Patriot Financial Partners GP LP boosted its position in shares of Equity Bancshares by 21.5% in the 4th quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank's stock valued at $51,634,000 after purchasing an additional 215,000 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Equity Bancshares by 11.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,528,145 shares of the bank's stock valued at $64,824,000 after purchasing an additional 153,528 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Equity Bancshares in the 4th quarter valued at $5,013,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Equity Bancshares in the 4th quarter valued at $3,593,000. 71.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EQBK. Stephens decreased their price target on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Piper Sandler decreased their price target 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 decreased their price objective on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price objective on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research report on Monday, April 7th. Finally, Janney Montgomery Scott initiated coverage on Equity Bancshares in a research report on Thursday, April 3rd. They set a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Equity Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $46.60.

Equity Bancshares Stock Down 0.5%

NASDAQ EQBK traded down $0.20 during trading on Friday, reaching $38.69. 46,353 shares of the company's stock were exchanged, compared to its average volume of 57,375. The firm has a market capitalization of $677.66 million, a PE ratio of 9.72 and a beta of 0.75. 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 fifty-two week low of $31.75 and a fifty-two week high of $50.85. The company's fifty day simple moving average is $38.54 and its 200-day simple moving average is $42.07.

Equity Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. Equity Bancshares's dividend payout ratio is 15.27%.

Insider Activity

In other news, COO Julie A. Huber sold 4,000 shares of Equity Bancshares stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total transaction of $156,400.00. Following the completion of the sale, the chief operating officer now directly owns 57,688 shares in the company, valued at $2,255,600.80. The trade was a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by corporate insiders.

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.