LSV Asset Management Invests $3.06 Million in Equity Bancshares, Inc. (NASDAQ:EQBK)

LSV Asset Management bought a new position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 90,301 shares of the bank’s stock, valued at approximately $3,061,000.

Several other large investors have also recently added to or reduced their stakes in the business. Rocky Mountain Advisers LLC acquired a new stake in Equity Bancshares during the 4th quarter worth $69,000. SG Americas Securities LLC acquired a new position in Equity Bancshares in the 3rd quarter valued at about $164,000. Hsbc Holdings PLC purchased a new stake in Equity Bancshares during the 3rd quarter valued at approximately $202,000. Jackson Hole Capital Partners LLC acquired a new stake in Equity Bancshares during the 3rd quarter worth approximately $210,000. Finally, Denali Advisors LLC grew its stake in shares of Equity Bancshares by 25.5% in the 4th quarter. Denali Advisors LLC now owns 6,400 shares of the bank’s stock valued at $217,000 after purchasing an additional 1,300 shares during the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler upped their target price on shares of Equity Bancshares from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.67.

Equity Bancshares Price Performance

Equity Bancshares stock opened at $33.99 on Thursday. Equity Bancshares, Inc. has a 52-week low of $20.50 and a 52-week high of $34.99. The firm has a fifty day moving average of $32.82 and a 200-day moving average of $31.34. The firm has a market capitalization of $524.74 million, a P/E ratio of 56.65 and a beta of 0.91. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.74.

Equity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity Bancshares’s payout ratio is currently 80.00%.

Insider Transactions at Equity Bancshares

In related news, CEO Brad S. Elliott sold 6,290 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $31.57, for a total transaction of $198,575.30. Following the completion of the sale, the chief executive officer now directly owns 152,088 shares of the company’s stock, valued at approximately $4,801,418.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.00% of the company’s stock.

Equity Bancshares 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.