UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $704,000 Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,219 shares of the bank’s stock after selling 273 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Equity Bancshares were worth $704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in Equity Bancshares by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 79,831 shares of the bank’s stock valued at $2,810,000 after acquiring an additional 3,838 shares during the period. Foundry Partners LLC raised its position in shares of Equity Bancshares by 890.4% in the second quarter. Foundry Partners LLC now owns 104,985 shares of the bank’s stock valued at $3,695,000 after purchasing an additional 94,385 shares during the period. Federated Hermes Inc. raised its position in shares of Equity Bancshares by 1.7% in the second quarter. Federated Hermes Inc. now owns 19,240 shares of the bank’s stock valued at $677,000 after purchasing an additional 327 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Equity Bancshares by 35.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,585 shares of the bank’s stock worth $1,464,000 after buying an additional 10,824 shares during the last quarter. Finally, ELCO Management Co. LLC boosted its holdings in shares of Equity Bancshares by 3.1% during the 2nd quarter. ELCO Management Co. LLC now owns 13,673 shares of the bank’s stock worth $481,000 after buying an additional 415 shares during the period. 71.80% of the stock is currently owned by institutional investors.

Equity Bancshares Stock Performance

NASDAQ EQBK opened at $42.36 on Friday. Equity Bancshares, Inc. has a 12-month low of $30.44 and a 12-month high of $50.85. The firm has a 50-day moving average price of $45.57 and a two-hundred day moving average price of $40.49. The company has a market capitalization of $647.68 million, a P/E ratio of 38.51 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares (NASDAQ:EQBK) last issued its quarterly 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. Equity Bancshares had a return on equity of 13.53% and a net margin of 6.36%. The business had revenue of $55.35 million for the quarter, compared to the consensus estimate of $55.77 million. Analysts anticipate that Equity Bancshares, Inc. will post 4.27 earnings per share for the current year.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, December 31st. Equity Bancshares’s payout ratio is currently 54.55%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. DA Davidson increased their price target on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Stephens upgraded Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted their price target on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

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.