Corebridge Financial Inc. Has $302,000 Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Corebridge Financial Inc. decreased its position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,130 shares of the bank’s stock after selling 539 shares during the period. Corebridge Financial Inc.’s holdings in Equity Bancshares were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Equity Bancshares during the 4th quarter valued at $54,000. Quantbot Technologies LP increased its stake in shares of Equity Bancshares by 139.9% in the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock valued at $116,000 after buying an additional 1,589 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Equity Bancshares in the fourth quarter valued at about $119,000. BNP Paribas Financial Markets lifted its position in Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after buying an additional 232 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Equity Bancshares during the 4th quarter worth about $160,000. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Price Performance

EQBK opened at $35.06 on Friday. The company has a fifty day moving average price of $40.68 and a two-hundred day moving average price of $42.74. The firm has a market capitalization of $613.92 million, a PE ratio of 8.81 and a beta of 0.73. Equity Bancshares, Inc. has a 52 week low of $30.98 and a 52 week high of $50.85. 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 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 issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. Equity Bancshares’s dividend payout ratio is presently 15.08%.

Wall Street Analyst Weigh In

EQBK has been the subject of a number of research analyst reports. DA Davidson dropped their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Hovde Group upped their price objective on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Stephens lowered their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods dropped their target price on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Janney Montgomery Scott assumed coverage on Equity Bancshares in a report on Thursday, April 3rd. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.20.

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.