UMB Bank n.a. Has $2.62 Million Stake in Equity Bancshares, Inc. (NASDAQ:EQBK)

UMB Bank n.a. lowered its stake in Equity Bancshares, Inc. (NASDAQ:EQBK) by 21.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,830 shares of the bank’s stock after selling 17,322 shares during the period. UMB Bank n.a. owned approximately 0.40% of Equity Bancshares worth $2,623,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after purchasing an additional 232 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Equity Bancshares in the third quarter worth $203,000. SG Americas Securities LLC lifted its stake in shares of Equity Bancshares by 74.1% in the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after buying an additional 2,150 shares during the last quarter. Triune Financial Partners LLC bought a new stake in shares of Equity Bancshares during the 3rd quarter worth $268,000. Finally, PDT Partners LLC acquired a new position in Equity Bancshares in the 3rd quarter valued at $282,000. Institutional investors own 71.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EQBK. Keefe, Bruyette & Woods raised their price target on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens upgraded Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target for the company in a report on Monday, October 14th. Finally, DA Davidson raised their price objective 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.

Equity Bancshares Trading Up 0.3 %

Equity Bancshares stock opened at $43.15 on Tuesday. Equity Bancshares, Inc. has a 12 month low of $30.44 and a 12 month high of $50.85. The stock has a market cap of $659.72 million, a price-to-earnings ratio of 39.22 and a beta of 0.92. The business has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $41.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. 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.