Trexquant Investment LP Takes $310,000 Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Trexquant Investment LP bought a new position in Equity Bancshares, Inc. (NASDAQ:EQBK) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 7,311 shares of the bank’s stock, valued at approximately $310,000.

Several other hedge funds have also added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Equity Bancshares in the fourth quarter worth about $54,000. Quantbot Technologies LP grew its position in Equity Bancshares by 139.9% during the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock worth $116,000 after acquiring an additional 1,589 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Equity Bancshares in the 4th quarter worth approximately $119,000. BNP Paribas Financial Markets lifted its position in Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Equity Bancshares during the fourth quarter valued at approximately $160,000. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Stock Performance

Shares of EQBK opened at $35.36 on Monday. Equity Bancshares, Inc. has a one year low of $30.98 and a one year high of $50.85. The company has a 50-day simple moving average of $40.50 and a two-hundred day simple moving average of $42.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $619.15 million, a PE ratio of 8.88 and a beta of 0.73.

Equity Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. Equity Bancshares’s dividend payout ratio is presently 15.08%.

Analyst Ratings Changes

Several brokerages recently commented on EQBK. Janney Montgomery Scott initiated coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They set a “neutral” rating for the company. 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 report on Thursday, January 23rd. Stephens reduced their price target on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Hovde Group upped their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods cut their price objective on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.20.

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.