Triune Financial Partners LLC Takes $268,000 Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

Triune Financial Partners LLC acquired a new position in Equity Bancshares, Inc. (NASDAQ:EQBK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,556 shares of the bank’s stock, valued at approximately $268,000. Equity Bancshares comprises 0.1% of Triune Financial Partners LLC’s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Equity Bancshares during the 1st quarter worth approximately $42,000. Foundations Investment Advisors LLC purchased a new position in shares of Equity Bancshares in the 3rd quarter valued at about $203,000. SG Americas Securities LLC raised its holdings in Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after purchasing an additional 2,150 shares during the period. BNP Paribas Financial Markets raised its holdings in Equity Bancshares by 97.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock worth $247,000 after purchasing an additional 3,541 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Equity Bancshares during the second quarter worth approximately $322,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Price Performance

Shares of EQBK traded up $0.88 during trading hours on Friday, hitting $46.85. 5,019 shares of the stock were exchanged, compared to its average volume of 47,575. The stock’s 50-day moving average price is $41.37 and its two-hundred day moving average price is $37.72. Equity Bancshares, Inc. has a 12-month low of $24.76 and a 12-month high of $47.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $714.93 million, a price-to-earnings ratio of 41.79 and a beta of 0.89.

Equity Bancshares (NASDAQ:EQBK) last released its earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.32. The business had revenue of $55.35 million during the quarter, compared to analyst estimates of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.88%. Research analysts expect that Equity Bancshares, Inc. will post 4.27 earnings per share for the current year.

Equity Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Equity Bancshares’s dividend payout ratio is presently 54.55%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Stephens raised shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective on the stock in a report on Monday, October 14th. Finally, DA Davidson lifted their target price on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, CEO Brad S. Elliott sold 2,300 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $42.64, for a total value of $98,072.00. Following the completion of the sale, the chief executive officer now directly owns 151,979 shares of the company’s stock, valued at $6,480,384.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Equity Bancshares news, Director Leon Borck bought 1,467 shares of Equity Bancshares stock in a transaction on Thursday, September 12th. The shares were bought at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the completion of the transaction, the director now directly owns 11,941 shares of the company’s stock, valued at $462,952.57. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brad S. Elliott sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $42.64, for a total value of $98,072.00. Following the sale, the chief executive officer now directly owns 151,979 shares of the company’s stock, valued at $6,480,384.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.

Equity Bancshares 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.