UMB Bank n.a. Has $2.62 Million Stock Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

UMB Bank n.a. decreased its position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 21.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,830 shares of the bank’s stock after selling 17,322 shares during the period. UMB Bank n.a.’s holdings in Equity Bancshares were worth $2,623,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EQBK. BNP Paribas Financial Markets increased its stake in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after buying an additional 232 shares during the period. Foundations Investment Advisors LLC bought a new position in Equity Bancshares in the third quarter valued at about $203,000. SG Americas Securities LLC increased its position in Equity Bancshares by 74.1% in the third 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. Triune Financial Partners LLC bought a new stake in Equity Bancshares during the 3rd quarter worth about $268,000. Finally, PDT Partners LLC acquired a new position in Equity Bancshares during the 3rd quarter valued at about $282,000. Institutional investors own 71.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stephens upgraded shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target for the company in a research report on Monday, October 14th. DA Davidson upped 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. Finally, Keefe, Bruyette & Woods raised their price target on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Equity Bancshares Price Performance

NASDAQ EQBK opened at $43.15 on Tuesday. 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 stock has a market cap of $659.72 million, a price-to-earnings ratio of 39.22 and a beta of 0.92. The business has a 50 day simple moving average of $44.98 and a 200 day simple moving average of $41.90. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.39%. Equity Bancshares’s payout ratio is 54.55%.

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.