Denali Advisors LLC Has $467,000 Stock Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Denali Advisors LLC lifted its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 112.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,600 shares of the bank’s stock after purchasing an additional 7,200 shares during the quarter. Denali Advisors LLC owned 0.09% of Equity Bancshares worth $467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of Equity Bancshares in the 3rd quarter valued at $202,000. Vanguard Group Inc. increased its holdings in shares of Equity Bancshares by 1.3% during the third quarter. Vanguard Group Inc. now owns 764,382 shares of the bank’s stock worth $18,399,000 after buying an additional 9,639 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Equity Bancshares by 31.7% in the 4th quarter. SG Americas Securities LLC now owns 8,978 shares of the bank’s stock valued at $304,000 after acquiring an additional 2,162 shares during the last quarter. Rocky Mountain Advisers LLC acquired a new stake in shares of Equity Bancshares during the 4th quarter valued at $69,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in Equity Bancshares during the 4th quarter worth $449,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Insider Transactions at Equity Bancshares

In other news, Director Junetta M. Everett bought 2,903 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $34.50 per share, for a total transaction of $100,153.50. Following the completion of the acquisition, the director now directly owns 9,813 shares in the company, valued at $338,548.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their target price on Equity Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Equity Bancshares currently has an average rating of “Hold” and an average target price of $33.33.

Equity Bancshares Stock Down 0.5 %

Shares of NASDAQ:EQBK opened at $34.99 on Thursday. The business has a fifty day simple moving average of $33.79 and a 200 day simple moving average of $33.23. Equity Bancshares, Inc. has a 12-month low of $21.79 and a 12-month high of $35.34. The firm has a market cap of $533.60 million, a P/E ratio of 10.34 and a beta of 0.90. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69.

Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings data on Tuesday, April 16th. The bank reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. The company had revenue of $55.91 million for the quarter, compared to analyst estimates of $52.00 million. Equity Bancshares had a return on equity of 12.08% and a net margin of 3.88%. Analysts predict that Equity Bancshares, Inc. will post 3.89 earnings per share for the current year.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, June 28th. Equity Bancshares’s dividend payout ratio is currently 80.00%.

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.