Patriot Financial Partners GP II L.P. Has $53.04 Million Stake in Equity Bancshares, Inc. $EQBK

Patriot Financial Partners GP II L.P. decreased its position in shares of Equity Bancshares, Inc. (NYSE:EQBK) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,194,363 shares of the company’s stock after selling 22,851 shares during the period. Equity Bancshares makes up approximately 13.7% of Patriot Financial Partners GP II L.P.’s investment portfolio, making the stock its 2nd biggest position. Patriot Financial Partners GP II L.P. owned 0.06% of Equity Bancshares worth $53,042,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Equity Bancshares by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 74,169 shares of the company’s stock valued at $3,294,000 after buying an additional 1,831 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Equity Bancshares by 310.3% during the 1st quarter. Hsbc Holdings PLC now owns 28,042 shares of the company’s stock worth $1,245,000 after acquiring an additional 21,207 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Equity Bancshares during the 1st quarter worth approximately $1,585,000. MQS Management LLC bought a new position in shares of Equity Bancshares during the 1st quarter valued at approximately $286,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Equity Bancshares by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,930,925 shares of the company’s stock valued at $86,216,000 after purchasing an additional 44,681 shares in the last quarter. 71.80% of the stock is owned by institutional investors.

Insider Activity

In other Equity Bancshares news, Director Donald Scott Rogerson bought 2,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was acquired at an average price of $45.93 per share, for a total transaction of $91,860.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $229,650. This represents a 66.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brett A. Reber sold 1,686 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $47.85, for a total value of $80,675.10. Following the transaction, the general counsel directly owned 34,495 shares in the company, valued at approximately $1,650,585.75. This represents a 4.66% decrease in their position. The SEC filing for this sale provides additional information. 14.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EQBK has been the topic of a number of recent research reports. DA Davidson upped their price target on shares of Equity Bancshares from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. Benchmark began coverage on shares of Equity Bancshares in a research note on Wednesday, June 24th. They issued a “buy” rating and a $57.00 price objective for the company. Hovde Group assumed coverage on shares of Equity Bancshares in a report on Wednesday, June 10th. They issued a “market perform” rating and a $51.00 target price on the stock. Wall Street Zen upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Equity Bancshares in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.17.

Equity Bancshares Trading Down 2.1%

EQBK stock opened at $50.43 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Equity Bancshares, Inc. has a twelve month low of $36.04 and a twelve month high of $51.73. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 30.20 and a beta of 0.77. The firm’s fifty day simple moving average is $47.19 and its two-hundred day simple moving average is $46.09.

Equity Bancshares (NYSE:EQBK) last announced its earnings results on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.17. The business had revenue of $81.93 million for the quarter, compared to the consensus estimate of $85.10 million. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.67%. As a group, analysts anticipate that Equity Bancshares, Inc. will post 5.09 earnings per share for the current year.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Equity Bancshares’s dividend payout ratio is 43.11%.

Equity Bancshares Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.