First Trust Advisors LP bought a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,434 shares of the bank’s stock, valued at approximately $227,000. First Trust Advisors LP owned approximately 0.05% of Equity Bancshares as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. EJF Capital LLC boosted its stake in Equity Bancshares by 25.2% during the second quarter. EJF Capital LLC now owns 279,868 shares of the bank’s stock worth $8,533,000 after buying an additional 56,282 shares during the period. Citadel Advisors LLC lifted its position in shares of Equity Bancshares by 30.1% during the first quarter. Citadel Advisors LLC now owns 15,465 shares of the bank’s stock worth $423,000 after purchasing an additional 3,579 shares during the last quarter. Patriot Financial Partners GP LP lifted its position in shares of Equity Bancshares by 20.7% during the second quarter. Patriot Financial Partners GP LP now owns 748,214 shares of the bank’s stock worth $22,813,000 after purchasing an additional 128,115 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Equity Bancshares by 314.2% during the first quarter. Goldman Sachs Group Inc. now owns 42,853 shares of the bank’s stock worth $1,174,000 after purchasing an additional 32,508 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Equity Bancshares by 149.0% during the second quarter. Morgan Stanley now owns 23,851 shares of the bank’s stock worth $728,000 after purchasing an additional 14,272 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on EQBK. Zacks Investment Research downgraded Equity Bancshares from a “buy” rating to a “hold” rating in a report on Monday, October 4th. TheStreet upgraded Equity Bancshares from a “c” rating to a “b” rating in a report on Tuesday, October 19th.
EQBK stock opened at $34.61 on Thursday. The company has a market capitalization of $583.21 million, a P/E ratio of 9.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average price of $33.57. Equity Bancshares, Inc. has a 1-year low of $19.91 and a 1-year high of $36.00.
Equity Bancshares (NASDAQ:EQBK) last announced its earnings results on Monday, October 18th. The bank reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.08. Equity Bancshares had a net margin of 28.88% and a return on equity of 12.97%. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, analysts predict that Equity Bancshares, Inc. will post 3.45 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, September 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. Equity Bancshares’s dividend payout ratio is presently 8.67%.
About Equity Bancshares
Equity Bancshares, Inc is a bank holding company, which engages in the provision of financial services to individuals and businesses. The firm also offers commercial and personal banking services such as savings, treasury management and loans. The company was founded by Brad S. Elliott in November 2002 and is headquartered in Wichita, KS.
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