JPMorgan Chase & Co. Cuts Stock Position in Equity Bancshares, Inc. $EQBK

JPMorgan Chase & Co. lessened its holdings in Equity Bancshares, Inc. (NYSE:EQBK) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 350,547 shares of the company’s stock after selling 21,341 shares during the period. JPMorgan Chase & Co. owned approximately 1.84% of Equity Bancshares worth $14,267,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Equity Bancshares in the 1st quarter worth $145,000. AQR Capital Management LLC raised its position in shares of Equity Bancshares by 334.7% during the 1st quarter. AQR Capital Management LLC now owns 48,038 shares of the company’s stock valued at $1,893,000 after buying an additional 36,987 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Equity Bancshares by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,679 shares of the company’s stock valued at $381,000 after acquiring an additional 1,521 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Equity Bancshares by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 90,037 shares of the company’s stock valued at $3,547,000 after acquiring an additional 17,196 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Equity Bancshares by 5.4% in the first quarter. Empowered Funds LLC now owns 61,768 shares of the company’s stock worth $2,434,000 after acquiring an additional 3,187 shares in the last quarter. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Stock Up 0.1%

Shares of NYSE EQBK opened at $43.74 on Friday. Equity Bancshares, Inc. has a 1 year low of $34.11 and a 1 year high of $50.07. The firm has a 50-day simple moving average of $45.57 and a two-hundred day simple moving average of $43.84. The company has a market cap of $918.10 million, a P/E ratio of 33.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.92 and a quick ratio of 0.91.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is currently 54.96%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen raised Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Equity Bancshares from $47.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Bancshares in a research report on Monday, December 29th. Piper Sandler increased their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, Zacks Research downgraded Equity Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.67.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.