Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 740.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577,230 shares of the bank's stock after buying an additional 508,509 shares during the quarter. Wellington Management Group LLP owned about 3.30% of Equity Bancshares worth $24,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Equity Bancshares during the fourth quarter worth $54,000. Aquatic Capital Management LLC acquired a new position in shares of Equity Bancshares during the 4th quarter worth $98,000. Quantbot Technologies LP boosted its position in shares of Equity Bancshares by 139.9% in the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock worth $116,000 after buying an additional 1,589 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Equity Bancshares in the 4th quarter worth about $119,000. Finally, AlphaQuest LLC acquired a new stake in Equity Bancshares in the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 71.80% of the company's stock.

Insider Activity at Equity Bancshares

In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the stock in a transaction that occurred on 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 now owns 57,688 shares of the company's stock, valued at $2,255,600.80. This trade represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson cut their target price on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Janney Montgomery Scott began coverage on shares of Equity Bancshares in a research note on Thursday, April 3rd. They set a "neutral" rating for the company. Keefe, Bruyette & Woods reduced their target price on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. Finally, Piper Sandler lowered their target price on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $46.60.

Equity Bancshares Trading Down 1.4%

Shares of NASDAQ:EQBK traded down $0.56 during trading on Wednesday, reaching $38.90. The stock had a trading volume of 10,243 shares, compared to its average volume of 57,495. Equity Bancshares, Inc. has a fifty-two week low of $32.24 and a fifty-two week high of $50.85. The business has a fifty day moving average price of $38.36 and a 200-day moving average price of $41.68. The stock has a market cap of $681.33 million, a P/E ratio of 9.77 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Equity Bancshares's dividend payout ratio is presently 15.27%.

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.