Equity Bancshares (NASDAQ:EQBK) Sets New 12-Month High – Here’s Why

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EQBK shares. DA Davidson reiterated a “neutral” rating and issued a $45.00 price objective on shares of Equity Bancshares in a research note on Thursday, October 16th. Piper Sandler upped their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

Equity Bancshares Stock Up 3.9%

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 firm’s fifty day moving average price is $44.90 and its 200-day moving average price is $42.08. The company has a market cap of $921.56 million, a price-to-earnings ratio of 12.08 and a beta of 0.87.

Equity Bancshares Dividend Announcement

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

Hedge Funds Weigh In On Equity Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in Equity Bancshares by 282.0% in the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock valued at $28,000 after purchasing an additional 502 shares during the period. State of Alaska Department of Revenue bought a new position in Equity Bancshares during the 3rd quarter worth $28,000. State of Wyoming bought a new position in Equity Bancshares during the 2nd quarter worth $59,000. Tower Research Capital LLC TRC raised its holdings in Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank’s stock valued at $79,000 after acquiring an additional 1,347 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Equity Bancshares by 33.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank’s stock valued at $89,000 after acquiring an additional 547 shares during the period. 71.80% of the stock is owned by institutional investors.

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.