Equity Bancshares (NASDAQ:EQBK) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Equity Bancshares, Inc. (NASDAQ:EQBK) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $46.22 and traded as low as $45.71. Equity Bancshares shares last traded at $46.0370, with a volume of 74,404 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on EQBK. DA Davidson increased their price objective on shares of Equity Bancshares from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Piper Sandler lifted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Equity Bancshares has a consensus rating of “Hold” and a consensus target price of $52.67.

Equity Bancshares Trading Down 1.4%

The stock has a market cap of $878.20 million, a PE ratio of 11.57 and a beta of 0.88. 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 50 day moving average of $46.22 and a two-hundred day moving average of $42.69.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, December 31st. Equity Bancshares’s payout ratio is 54.96%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EQBK. Hsbc Holdings PLC purchased a new position in Equity Bancshares during the 2nd quarter valued at about $1,179,000. American Century Companies Inc. increased its stake in shares of Equity Bancshares by 110.7% during the second quarter. American Century Companies Inc. now owns 144,982 shares of the bank’s stock worth $5,915,000 after buying an additional 76,167 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Equity Bancshares by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 371,888 shares of the bank’s stock valued at $15,173,000 after purchasing an additional 26,792 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Equity Bancshares by 96.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 213,333 shares of the bank’s stock valued at $8,704,000 after purchasing an additional 104,613 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Equity Bancshares by 21.6% during the 2nd quarter. Creative Planning now owns 104,179 shares of the bank’s stock worth $4,251,000 after purchasing an additional 18,533 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.