Endeavour Capital Advisors Inc. Invests $1.37 Million in Equity Bancshares, Inc. (NASDAQ:EQBK)

Endeavour Capital Advisors Inc. purchased a new position in Equity Bancshares, Inc. (NASDAQ:EQBK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,400 shares of the bank’s stock, valued at approximately $1,374,000. Endeavour Capital Advisors Inc. owned about 0.21% of Equity Bancshares at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised 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 purchasing an additional 232 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Equity Bancshares by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank’s stock valued at $4,794,000 after buying an additional 721 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Equity Bancshares by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after buying an additional 991 shares during the last quarter. R Squared Ltd acquired a new position in shares of Equity Bancshares in the 4th quarter worth approximately $54,000. Finally, Sippican Capital Advisors increased its holdings in shares of Equity Bancshares by 7.9% in the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock valued at $809,000 after acquiring an additional 1,397 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EQBK shares. Hovde Group lifted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective 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. DA Davidson decreased their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Stephens dropped their price target on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Equity Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Price Performance

NASDAQ EQBK opened at $39.21 on Wednesday. The company has a 50-day moving average price of $41.97 and a two-hundred day moving average price of $43.09. The stock has a market cap of $686.58 million, a price-to-earnings ratio of 9.85 and a beta of 0.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a 52 week low of $30.44 and a 52 week high of $50.85.

Equity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 31st. Equity Bancshares’s payout ratio is currently 15.08%.

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.