17,404 Shares in Equity Bancshares, Inc. $EQBK Bought by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC purchased a new stake in shares of Equity Bancshares, Inc. (NYSE:EQBK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,404 shares of the company’s stock, valued at approximately $777,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Osaic Holdings Inc. boosted its position in Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock valued at $28,000 after purchasing an additional 502 shares during the last quarter. State of Wyoming acquired a new stake in shares of Equity Bancshares in the second quarter worth about $59,000. Tower Research Capital LLC TRC lifted its position in shares of Equity Bancshares by 233.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $79,000 after buying an additional 1,347 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Equity Bancshares by 33.3% in the second quarter. BNP Paribas Financial Markets now owns 2,189 shares of the company’s stock worth $89,000 after buying an additional 547 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new position in shares of Equity Bancshares in the third quarter worth about $101,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Insider Transactions at Equity Bancshares

In other news, Director Donald Scott Rogerson acquired 2,000 shares of Equity Bancshares stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $45.93 per share, with a total value of $91,860.00. Following the acquisition, the director owned 5,000 shares in the company, valued at $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 this link. Corporate insiders own 14.50% of the company’s stock.

Equity Bancshares Trading Up 1.4%

EQBK stock opened at $46.48 on Friday. The firm has a market cap of $959.26 million, a P/E ratio of 36.89 and a beta of 0.78. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. Equity Bancshares, Inc. has a 1-year low of $36.04 and a 1-year high of $50.07. The business’s 50 day moving average is $45.41 and its 200-day moving average is $45.34.

Equity Bancshares (NYSE:EQBK) last announced its earnings results on Tuesday, April 14th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.15 by $0.17. The business had revenue of $83.26 million for the quarter, compared to the consensus estimate of $85.24 million. Equity Bancshares had a return on equity of 12.85% and a net margin of 6.15%. Equities analysts anticipate that Equity Bancshares, Inc. will post 5.06 earnings per share for the current fiscal year.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.72 annualized dividend and a yield of 1.5%. Equity Bancshares’s dividend payout ratio is currently 57.14%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings lowered Equity Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Piper Sandler boosted their price target on Equity Bancshares from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Finally, DA Davidson lowered their price target on Equity Bancshares from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.33.

Equity Bancshares Company 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.