Martingale Asset Management L P Has $774,000 Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Martingale Asset Management L P lessened its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 12.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 18,924 shares of the bank’s stock after selling 2,621 shares during the period. Martingale Asset Management L P owned 0.12% of Equity Bancshares worth $774,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EQBK. BNP Paribas Financial Markets grew its stake in shares of Equity Bancshares by 7.8% during the third 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 period. Federated Hermes Inc. boosted its holdings in Equity Bancshares by 1.7% during the second quarter. Federated Hermes Inc. now owns 19,240 shares of the bank’s stock worth $677,000 after buying an additional 327 shares during the last quarter. ELCO Management Co. LLC grew its position in shares of Equity Bancshares by 3.1% during the 2nd quarter. ELCO Management Co. LLC now owns 13,673 shares of the bank’s stock worth $481,000 after buying an additional 415 shares during the period. SG Americas Securities LLC increased its stake in shares of Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock valued at $207,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Equity Bancshares by 14.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,210 shares of the bank’s stock valued at $989,000 after acquiring an additional 3,067 shares during the period. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Price Performance

Shares of EQBK opened at $48.71 on Tuesday. The stock has a 50 day simple moving average of $43.89 and a 200 day simple moving average of $39.43. Equity Bancshares, Inc. has a 52-week low of $26.43 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. The firm has a market capitalization of $744.78 million, a PE ratio of 44.28 and a beta of 0.89.

Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.32. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. The firm had revenue of $55.35 million for the quarter, compared to analyst estimates of $55.77 million. Sell-side analysts predict that Equity Bancshares, Inc. will post 4.27 EPS for the current fiscal year.

Equity Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Equity Bancshares’s previous quarterly dividend of $0.12. Equity Bancshares’s dividend payout ratio is 54.55%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EQBK. DA Davidson boosted their price objective on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Stephens raised shares of 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.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, Director Leon Borck bought 1,467 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $38.77 per share, with a total value of $56,875.59. Following the completion of the transaction, the director now owns 11,941 shares in the company, valued at approximately $462,952.57. This trade represents a 14.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brad S. Elliott sold 2,300 shares of Equity Bancshares stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total transaction of $98,072.00. Following the completion of the sale, the chief executive officer now owns 151,979 shares in the company, valued at $6,480,384.56. The trade was a 1.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

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.