Jane Street Group LLC Trims Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Jane Street Group LLC decreased its position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 49.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,360 shares of the bank’s stock after selling 9,134 shares during the quarter. Jane Street Group LLC’s holdings in Equity Bancshares were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mendon Capital Advisors Corp lifted its stake in shares of Equity Bancshares by 2,539.9% during the second quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock valued at $12,320,000 after buying an additional 336,742 shares during the period. State Street Corp lifted its stake in shares of Equity Bancshares by 2.6% during the third quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after buying an additional 8,103 shares during the period. Foundry Partners LLC lifted its stake in shares of Equity Bancshares by 13.8% during the third quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after buying an additional 14,540 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Equity Bancshares by 175.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock valued at $4,590,000 after buying an additional 71,547 shares during the period. Finally, Creative Planning raised its stake in Equity Bancshares by 4.4% during the third quarter. Creative Planning now owns 80,133 shares of the bank’s stock worth $3,276,000 after purchasing an additional 3,399 shares during the period. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Analyst Upgrades and Downgrades

EQBK has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of Equity Bancshares from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Stephens raised shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target on the stock in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Equity Bancshares Trading Up 0.8 %

Equity Bancshares stock opened at $41.36 on Thursday. The firm’s 50-day moving average is $45.44 and its 200-day moving average is $41.42. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. Equity Bancshares, Inc. has a 1 year low of $30.44 and a 1 year high of $50.85. The company has a market cap of $632.39 million, a P/E ratio of 37.60 and a beta of 0.92.

Equity Bancshares (NASDAQ:EQBK) last issued its quarterly earnings data on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.32. The firm had revenue of $55.35 million for the quarter, compared to the consensus estimate of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. On average, equities analysts expect that Equity Bancshares, Inc. will post 4.27 earnings per share for the current year.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. Equity Bancshares’s dividend payout ratio is currently 54.55%.

About Equity Bancshares

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.