Brevan Howard Capital Management LP Purchases New Shares in Equity Bancshares, Inc. (NASDAQ:EQBK)

Brevan Howard Capital Management LP purchased a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,954 shares of the bank’s stock, valued at approximately $210,000.

Several other large investors have also added to or reduced their stakes in EQBK. Barclays PLC boosted its holdings in Equity Bancshares by 247.2% in the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock valued at $953,000 after acquiring an additional 16,595 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Equity Bancshares by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock valued at $256,000 after buying an additional 991 shares in the last quarter. R Squared Ltd bought a new stake in shares of Equity Bancshares during the 4th quarter valued at $54,000. Sippican Capital Advisors boosted its holdings in shares of Equity Bancshares by 7.9% during the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock valued at $809,000 after buying an additional 1,397 shares in the last quarter. Finally, Stieven Capital Advisors L.P. bought a new stake in shares of Equity Bancshares during the 4th quarter valued at $2,121,000. Institutional investors own 71.80% of the company’s stock.

Insider Transactions at Equity Bancshares

In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total value of $156,400.00. Following the completion of the transaction, the chief operating officer now owns 57,688 shares of the company’s stock, valued at approximately $2,255,600.80. The trade was a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.60% of the stock is owned by insiders.

Equity Bancshares Price Performance

EQBK opened at $40.71 on Tuesday. The stock has a 50-day moving average price of $38.41 and a 200-day moving average price of $42.26. 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 cap of $712.70 million, a PE ratio of 10.23 and a beta of 0.75. Equity Bancshares, Inc. has a 1 year low of $31.75 and a 1 year high of $50.85.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Monday, March 31st. Equity Bancshares’s dividend payout ratio is presently 15.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stephens dropped their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods dropped their target price on shares of Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Monday, April 7th. 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 report on Thursday, January 23rd. Piper Sandler dropped their target price on shares of Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, DA Davidson lowered their price target on Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

About Equity Bancshares

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.