Charles Schwab Investment Management Inc. Acquires 721 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

Charles Schwab Investment Management Inc. lifted its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,013 shares of the bank’s stock after purchasing an additional 721 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Equity Bancshares were worth $4,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Equity Bancshares by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock worth $14,735,000 after buying an additional 17,431 shares in the last quarter. State Street Corp boosted its holdings in shares of Equity Bancshares by 2.6% during the 3rd quarter. State Street Corp now owns 314,889 shares of the bank’s stock valued at $12,919,000 after acquiring an additional 8,103 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Equity Bancshares in the third quarter worth approximately $2,809,000. Stieven Capital Advisors L.P. purchased a new position in shares of Equity Bancshares during the fourth quarter valued at approximately $2,121,000. Finally, Captrust Financial Advisors boosted its holdings in Equity Bancshares by 4.1% in the third quarter. Captrust Financial Advisors now owns 37,735 shares of the bank’s stock worth $1,543,000 after purchasing an additional 1,481 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on EQBK. Hovde Group boosted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson cut their price target on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Stephens lowered their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Price Performance

NASDAQ EQBK opened at $40.29 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The business’s fifty day moving average is $42.31 and its 200 day moving average is $43.07. The company has a market capitalization of $705.44 million, a PE ratio of 10.12 and a beta of 0.94. Equity Bancshares, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $50.85.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. Equity Bancshares’s dividend payout ratio (DPR) is presently 15.08%.

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.