Two Sigma Investments LP Purchases 12,013 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

Two Sigma Investments LP increased its position in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,912 shares of the bank's stock after buying an additional 12,013 shares during the quarter. Two Sigma Investments LP owned 0.30% of Equity Bancshares worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of Equity Bancshares by 45.1% in the fourth quarter. Deutsche Bank AG now owns 9,141 shares of the bank's stock worth $388,000 after buying an additional 2,842 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Equity Bancshares during the 4th quarter valued at $375,000. Jane Street Group LLC increased its position in Equity Bancshares by 292.7% during the 4th quarter. Jane Street Group LLC now owns 36,757 shares of the bank's stock valued at $1,559,000 after purchasing an additional 27,397 shares during the period. Barclays PLC increased its position in Equity Bancshares by 13.2% during the 4th quarter. Barclays PLC now owns 26,383 shares of the bank's stock valued at $1,119,000 after purchasing an additional 3,075 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Equity Bancshares by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank's stock valued at $346,000 after purchasing an additional 322 shares during the period. 71.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. DA Davidson reduced their price objective on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Piper Sandler reduced their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They set a "neutral" rating on the stock. Finally, 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 research report on Monday, April 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.60.

Insider Buying and Selling

In related news, COO Julie A. Huber sold 4,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total value of $156,400.00. Following the transaction, the chief operating officer now 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 document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is currently owned by company insiders.

Equity Bancshares Stock Down 0.5%

Shares of NASDAQ:EQBK traded down $0.21 during midday trading on Thursday, reaching $38.65. The company's stock had a trading volume of 38,128 shares, compared to its average volume of 57,796. The firm has a 50 day moving average of $38.33 and a 200-day moving average of $41.61. The firm has a market capitalization of $676.99 million, a P/E ratio of 9.71 and a beta of 0.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a 12-month low of $32.24 and a 12-month high of $50.85.

Equity Bancshares Announces Dividend

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

About Equity Bancshares

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.