Equity Bancshares, Inc. $EQBK Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Equity Bancshares, Inc. (NYSE:EQBK) by 310.3% during the first quarter, Holdings Channel.com reports. The firm owned 28,042 shares of the company’s stock after acquiring an additional 21,207 shares during the period. Hsbc Holdings PLC’s holdings in Equity Bancshares were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQBK. Osaic Holdings Inc. increased its stake in Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock valued at $28,000 after buying an additional 502 shares during the period. Royal Bank of Canada lifted its stake in shares of Equity Bancshares by 132.0% in the 4th quarter. Royal Bank of Canada now owns 972 shares of the company’s stock worth $44,000 after acquiring an additional 553 shares during the period. State of Wyoming bought a new position in shares of Equity Bancshares in the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC boosted its holdings in shares of Equity Bancshares by 233.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $79,000 after acquiring an additional 1,347 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Equity Bancshares by 33.3% during the second quarter. BNP Paribas Financial Markets now owns 2,189 shares of the company’s stock valued at $89,000 after acquiring an additional 547 shares during the period. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Stock Up 0.1%

EQBK stock opened at $50.37 on Tuesday. Equity Bancshares, Inc. has a 12 month low of $36.04 and a 12 month high of $51.73. The firm has a market cap of $1.04 billion, a PE ratio of 30.16 and a beta of 0.77. The firm has a 50 day simple moving average of $47.81 and a 200 day simple moving average of $46.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

Equity Bancshares (NYSE:EQBK) last issued its earnings results on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.17. The firm had revenue of $81.93 million during the quarter, compared to analysts’ expectations of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. Equities research analysts forecast that Equity Bancshares, Inc. will post 5.18 earnings per share for the current fiscal year.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Equity Bancshares’s dividend payout ratio (DPR) is currently 43.11%.

Wall Street Analyst Weigh In

EQBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Equity Bancshares in a report on Monday, June 22nd. Hovde Group assumed coverage on Equity Bancshares in a research note on Wednesday, June 10th. They set a “market perform” rating and a $51.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Stephens upped their price objective on Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Weiss Ratings cut Equity Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.17.

Insider Buying and Selling at Equity Bancshares

In related news, Director Donald Scott Rogerson bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average cost of $45.93 per share, for a total transaction of $91,860.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $229,650. The trade was a 66.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Brett A. Reber sold 1,686 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $47.85, for a total value of $80,675.10. Following the sale, the general counsel directly owned 34,495 shares in the company, valued at $1,650,585.75. This trade represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 14.50% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.