Wealth Alliance Advisory Group LLC Lowers Stake in Equity Bancshares, Inc. (NASDAQ:EQBK)

Wealth Alliance Advisory Group LLC cut its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,401 shares of the bank’s stock after selling 5,634 shares during the quarter. Wealth Alliance Advisory Group LLC owned about 0.39% of Equity Bancshares worth $2,520,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EQBK. BNP Paribas Financial Markets lifted 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 worth $131,000 after acquiring an additional 232 shares during the period. Foundations Investment Advisors LLC acquired a new stake in Equity Bancshares in the third quarter valued at about $203,000. SG Americas Securities LLC boosted 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 valued at $207,000 after purchasing an additional 2,150 shares in the last quarter. Triune Financial Partners LLC acquired a new position in Equity Bancshares during the 3rd quarter worth approximately $268,000. Finally, PDT Partners LLC purchased a new position in shares of Equity Bancshares during the 3rd quarter worth approximately $282,000. 71.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Equity Bancshares Stock Up 0.3 %

Equity Bancshares stock opened at $43.15 on Friday. 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’s fifty day moving average is $45.08 and its two-hundred day moving average is $41.79. Equity Bancshares, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $50.85. The firm has a market capitalization of $659.72 million, a price-to-earnings ratio of 9.71 and a beta of 0.92.

Equity Bancshares Dividend Announcement

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

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.