Jackson Hole Capital Partners LLC Decreases Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Jackson Hole Capital Partners LLC cut its stake in Equity Bancshares, Inc. (NASDAQ:EQBK) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,229 shares of the bank’s stock after selling 1,500 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Equity Bancshares were worth $245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Equity Bancshares by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 764,382 shares of the bank’s stock worth $18,399,000 after purchasing an additional 9,639 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Equity Bancshares by 1.7% during the 4th quarter. Federated Hermes Inc. now owns 18,425 shares of the bank’s stock valued at $625,000 after buying an additional 302 shares during the period. Barclays PLC raised its position in shares of Equity Bancshares by 60.9% during the 3rd quarter. Barclays PLC now owns 14,143 shares of the bank’s stock valued at $340,000 after buying an additional 5,352 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in shares of Equity Bancshares during the 4th quarter valued at approximately $449,000. Finally, SG Americas Securities LLC raised its position in shares of Equity Bancshares by 31.7% during the 4th quarter. SG Americas Securities LLC now owns 8,978 shares of the bank’s stock valued at $304,000 after buying an additional 2,162 shares during the period. 71.80% of the stock is owned by hedge funds and other institutional investors.

Equity Bancshares Stock Performance

Shares of NASDAQ:EQBK traded down $0.37 on Friday, reaching $33.27. The company’s stock had a trading volume of 30,238 shares, compared to its average volume of 55,652. Equity Bancshares, Inc. has a 52-week low of $20.50 and a 52-week high of $34.99. The stock’s 50-day moving average is $32.57 and its two-hundred day moving average is $30.70. The stock has a market capitalization of $513.69 million, a P/E ratio of 55.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.87 and a quick ratio of 0.87.

Equity Bancshares (NASDAQ:EQBK) last announced its earnings results on Wednesday, January 24th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.27%. The firm had revenue of ($3.95) million for the quarter, compared to analyst estimates of $47.67 million. As a group, sell-side analysts forecast that Equity Bancshares, Inc. will post 3.75 EPS for the current year.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. Equity Bancshares’s dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target on shares of Equity Bancshares from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.67.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, EVP Julie A. Huber sold 1,050 shares of Equity Bancshares stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.14, for a total value of $33,747.00. Following the transaction, the executive vice president now owns 56,918 shares in the company, valued at approximately $1,829,344.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Brad S. Elliott sold 6,290 shares of Equity Bancshares stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $31.57, for a total transaction of $198,575.30. Following the transaction, the chief executive officer now owns 152,088 shares in the company, valued at approximately $4,801,418.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie A. Huber sold 1,050 shares of Equity Bancshares stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.14, for a total transaction of $33,747.00. Following the transaction, the executive vice president now owns 56,918 shares in the company, valued at approximately $1,829,344.52. The disclosure for this sale can be found here. Insiders have sold a total of 8,478 shares of company stock worth $268,894 in the last quarter. 8.00% of the stock is owned by insiders.

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.