Equity Bancshares (NASDAQ:EQBK) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Equity Bancshares, Inc. (NASDAQ:EQBK) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $42.99 and traded as low as $42.51. Equity Bancshares shares last traded at $42.55, with a volume of 66,743 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DA Davidson lowered their price target on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Hovde Group boosted their price objective on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Stephens reduced their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Equity Bancshares Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50 day moving average price of $42.99 and a two-hundred day moving average price of $42.85. The company has a market capitalization of $650.57 million, a P/E ratio of 10.69 and a beta of 0.91.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.41%. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQBK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Equity Bancshares by 26.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,773 shares of the bank’s stock worth $924,000 after purchasing an additional 4,554 shares in the last quarter. Two Sigma Advisers LP grew its stake in Equity Bancshares by 5.3% during the fourth quarter. Two Sigma Advisers LP now owns 33,800 shares of the bank’s stock worth $1,434,000 after buying an additional 1,700 shares during the last quarter. Two Sigma Investments LP grew its stake in Equity Bancshares by 35.4% during the fourth quarter. Two Sigma Investments LP now owns 45,912 shares of the bank’s stock worth $1,948,000 after buying an additional 12,013 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Equity Bancshares by 10.5% during the fourth quarter. Millennium Management LLC now owns 21,007 shares of the bank’s stock worth $891,000 after buying an additional 1,997 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Equity Bancshares by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank’s stock valued at $346,000 after acquiring an additional 322 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

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.