Equity Bancshares (NASDAQ:EQBK) Hits New 52-Week High – Here’s What Happened

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) reached a new 52-week high during trading on Wednesday . The company traded as high as $48.17 and last traded at $48.44, with a volume of 11169 shares. The stock had previously closed at $46.49.

Analyst Ratings Changes

EQBK has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. DA Davidson reiterated a “neutral” rating and issued a $45.00 price target on shares of Equity Bancshares in a report on Thursday, October 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.00.

Equity Bancshares Price Performance

The company has a market cap of $910.40 million, a PE ratio of 11.99 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $45.19 and a 200-day simple moving average of $42.17.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Equity Bancshares’s dividend payout ratio is currently 60.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its stake in Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock worth $28,000 after buying an additional 502 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Equity Bancshares during the 3rd quarter worth $28,000. State of Wyoming acquired a new position in shares of Equity Bancshares during the 2nd quarter valued at about $59,000. Tower Research Capital LLC TRC grew its holdings in shares of Equity Bancshares by 233.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank’s stock valued at $79,000 after purchasing an additional 1,347 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Equity Bancshares by 33.3% during the second quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank’s stock worth $89,000 after purchasing an additional 547 shares during the last quarter. 71.80% of the stock is currently 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.