5,941 Shares in Equity Bancshares, Inc. (NASDAQ:EQBK) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,941 shares of the bank’s stock, valued at approximately $252,000.

Several other hedge funds have also bought and sold shares of EQBK. R Squared Ltd purchased a new stake in Equity Bancshares during the fourth quarter worth $54,000. Quantbot Technologies LP boosted its stake in shares of Equity Bancshares by 139.9% during the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock worth $116,000 after acquiring an additional 1,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Equity Bancshares during the 4th quarter valued at about $119,000. BNP Paribas Financial Markets increased its stake in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Equity Bancshares in the 4th quarter worth about $160,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. DA Davidson dropped their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group upped their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Stephens dropped their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Equity Bancshares has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Equity Bancshares Stock Down 2.2 %

NASDAQ EQBK opened at $39.48 on Friday. The business has a fifty day moving average price of $42.14 and a 200 day moving average price of $43.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $691.20 million, a P/E ratio of 9.92 and a beta of 0.94. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85.

Equity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, March 31st. Equity Bancshares’s dividend payout ratio is currently 15.08%.

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.