Equity Bancshares (NASDAQ:EQBK) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Equity Bancshares, Inc. (NASDAQ:EQBK) passed 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 changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on EQBK. DA Davidson raised their target price on shares of Equity Bancshares from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Piper Sandler increased their price target 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, Keefe, Bruyette & Woods lifted 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, January 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.67.

Equity Bancshares Price Performance

The company’s 50-day moving average is $46.11 and its 200-day moving average is $43.37. The firm has a market cap of $854.68 million, a price-to-earnings 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.

Equity Bancshares Dividend Announcement

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

Institutional Trading of Equity Bancshares

Several institutional investors and hedge funds have recently modified their holdings of EQBK. T. Rowe Price Investment Management Inc. boosted its stake in Equity Bancshares by 2.4% in the fourth 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% in the third quarter. FJ Capital Management LLC now owns 1,222,791 shares of the bank’s stock worth $49,768,000 after acquiring an additional 96,695 shares during the last quarter. Patriot Financial Partners GP II L.P. acquired a new stake in shares of Equity Bancshares in the 3rd quarter valued at approximately $49,541,000. Vanguard Group Inc. boosted its stake in shares of Equity Bancshares by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 921,826 shares of the bank’s stock valued at $37,518,000 after purchasing an additional 22,233 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Equity Bancshares by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 761,014 shares of the bank’s stock valued at $30,974,000 after purchasing an additional 3,765 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors.

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.