Stieven Capital Advisors L.P. Takes $2.12 Million Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Stieven Capital Advisors L.P. acquired a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 50,000 shares of the bank’s stock, valued at approximately $2,121,000.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Equity Bancshares during the fourth quarter valued at about $54,000. BNP Paribas Financial Markets raised 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 acquiring an additional 232 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Equity Bancshares in the 3rd quarter valued at approximately $203,000. SG Americas Securities LLC lifted its holdings in Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Triune Financial Partners LLC bought a new stake in Equity Bancshares during the third quarter worth approximately $268,000. 71.80% of the stock is currently owned by institutional investors.

Equity Bancshares Price Performance

NASDAQ:EQBK opened at $43.32 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85. The company has a fifty day moving average price of $43.44 and a 200 day moving average price of $42.55. The stock has a market cap of $662.32 million, a P/E ratio of 10.88 and a beta of 0.91.

Equity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Equity Bancshares’s payout ratio is presently 15.08%.

Analyst Ratings Changes

EQBK has been the topic of a number of recent analyst reports. Hovde Group lifted their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. DA Davidson cut their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Stephens decreased their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Equity Bancshares currently has an average rating of “Moderate Buy” and an average price target of $48.00.

Equity Bancshares Company 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.