Equity Bancshares (NASDAQ:EQBK) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Equity Bancshares, Inc. (NASDAQ:EQBK) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $46.28 and traded as low as $45.00. Equity Bancshares shares last traded at $45.6760, with a volume of 117,053 shares trading hands.

Analyst Ratings Changes

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

Equity Bancshares Trading Up 1.6%

The business’s 50-day simple moving average is $46.27 and its two-hundred day simple moving average is $43.08. The firm has a market capitalization of $885.22 million, a price-to-earnings ratio of 11.66 and a beta of 0.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, December 31st. Equity Bancshares’s dividend payout ratio is 54.96%.

Hedge Funds Weigh In On Equity Bancshares

Several institutional investors have recently bought and sold shares of EQBK. Hsbc Holdings PLC acquired a new position in shares of Equity Bancshares in the second quarter valued at approximately $1,179,000. American Century Companies Inc. raised its stake in shares of Equity Bancshares by 110.7% in the second quarter. American Century Companies Inc. now owns 144,982 shares of the bank’s stock valued at $5,915,000 after acquiring an additional 76,167 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Equity Bancshares by 7.8% in the second 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 during the period. Kennedy Capital Management LLC grew its stake in Equity Bancshares by 96.2% during the 2nd quarter. Kennedy Capital Management LLC now owns 213,333 shares of the bank’s stock worth $8,704,000 after purchasing an additional 104,613 shares in the last quarter. Finally, Creative Planning increased its holdings in 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 period. 71.80% of the stock is owned by institutional investors and hedge funds.

About Equity Bancshares

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.