Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Sold by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC lessened its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,401 shares of the bank’s stock after selling 5,634 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Equity Bancshares were worth $2,520,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings 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 period. Foundations Investment Advisors LLC acquired a new position in shares of Equity Bancshares in the 3rd quarter valued at $203,000. SG Americas Securities LLC grew its stake in shares of Equity Bancshares by 74.1% during the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock valued at $207,000 after buying an additional 2,150 shares during the period. Triune Financial Partners LLC acquired a new stake in shares of Equity Bancshares during the 3rd quarter worth $268,000. Finally, PDT Partners LLC purchased a new position in shares of Equity Bancshares in the 3rd quarter worth $282,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK opened at $43.15 on Friday. The company has a market capitalization of $659.72 million, a price-to-earnings ratio of 9.71 and a beta of 0.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85. The business has a 50-day moving average of $45.08 and a 200-day moving average of $41.79.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Equity Bancshares’s dividend payout ratio (DPR) is 54.55%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EQBK. Keefe, Bruyette & Woods boosted their price target on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens raised shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 target price for the company in a research report on Monday, October 14th. Finally, DA Davidson raised their price target 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.

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.