Equity Bancshares (NASDAQ:EQBK) Stock Crosses Above 50 Day Moving Average – Here’s Why

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $46.11 and traded as high as $46.11. Equity Bancshares shares last traded at $44.8040, with a volume of 126,155 shares traded.

Wall Street Analysts Forecast Growth

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

Equity Bancshares Trading Down 2.4%

The company has a market cap of $854.68 million, a P/E ratio of 11.26 and a beta of 0.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $46.11 and a 200-day moving average price of $43.37.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Equity Bancshares’s dividend payout ratio is presently 54.96%.

Institutional Trading of Equity Bancshares

Hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its holdings in Equity Bancshares by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,930,925 shares of the bank’s stock valued at $86,216,000 after buying an additional 44,681 shares in the last quarter. FJ Capital Management LLC lifted its holdings in shares of Equity Bancshares by 8.6% during the third quarter. FJ Capital Management LLC now owns 1,222,791 shares of the bank’s stock worth $49,768,000 after buying an additional 96,695 shares in the last quarter. Patriot Financial Partners GP II L.P. bought a new stake in shares of Equity Bancshares in the third quarter valued at about $49,541,000. Vanguard Group Inc. grew its stake in shares of Equity Bancshares by 2.5% in the third quarter. Vanguard Group Inc. now owns 921,826 shares of the bank’s stock valued at $37,518,000 after acquiring an additional 22,233 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Equity Bancshares by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 761,014 shares of the bank’s stock valued at $30,974,000 after acquiring an additional 3,765 shares in the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

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.