Equity Bancshares (NASDAQ:EQBK) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Equity Bancshares, Inc. (NASDAQ:EQBK) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $45.67 and traded as low as $45.49. Equity Bancshares shares last traded at $46.17, with a volume of 92,382 shares changing hands.

Analysts Set New Price Targets

EQBK has been the subject of several research reports. DA Davidson boosted their price target on shares of Equity Bancshares from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Finally, Piper Sandler upped their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.67.

Equity Bancshares Stock Performance

The company has a market cap of $880.74 million, a price-to-earnings ratio of 11.60 and a beta of 0.87. The stock has a 50 day simple moving average of $45.67 and a 200 day simple moving average of $42.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.72 annualized dividend and a yield of 1.6%. Equity Bancshares’s payout ratio is currently 54.96%.

Institutional Trading of Equity Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Equity Bancshares during the fourth quarter worth $239,000. CWM LLC grew its holdings in Equity Bancshares by 20.2% during the fourth quarter. CWM LLC now owns 3,252 shares of the bank’s stock worth $145,000 after acquiring an additional 547 shares during the period. State of Alaska Department of Revenue grew its position in Equity Bancshares by 305.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,831 shares of the bank’s stock worth $126,000 after buying an additional 2,133 shares during the last quarter. SG Americas Securities LLC increased its stake in Equity Bancshares by 16.2% in the 4th quarter. SG Americas Securities LLC now owns 7,333 shares of the bank’s stock worth $327,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in Equity Bancshares by 22.0% in the 3rd quarter. Verition Fund Management LLC now owns 8,671 shares of the bank’s stock worth $353,000 after purchasing an additional 1,564 shares during the period. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.