Equity Bancshares (NASDAQ:EQBK) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Equity Bancshares, Inc. (NASDAQ:EQBK) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $42.99 and traded as low as $42.51. Equity Bancshares shares last traded at $42.55, with a volume of 66,743 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EQBK shares. Hovde Group boosted their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Stephens decreased their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. DA Davidson dropped their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Equity Bancshares Trading Down 0.9 %

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $42.99 and a two-hundred day moving average of $42.85. The stock has a market capitalization of $650.57 million, a price-to-earnings ratio of 10.69 and a beta of 0.91.

Equity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, December 31st. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EQBK. Foundations Investment Advisors LLC bought a new position in shares of Equity Bancshares in the third quarter worth about $203,000. Sippican Capital Advisors increased its position in Equity Bancshares by 24.4% in the 3rd quarter. Sippican Capital Advisors now owns 17,667 shares of the bank’s stock worth $722,000 after buying an additional 3,462 shares during the period. Triune Financial Partners LLC acquired a new position in shares of Equity Bancshares during the third quarter worth approximately $268,000. Empowered Funds LLC boosted its position in shares of Equity Bancshares by 5.3% in the third quarter. Empowered Funds LLC now owns 74,396 shares of the bank’s stock valued at $3,041,000 after acquiring an additional 3,752 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Equity Bancshares by 14.5% in the third quarter. Thrivent Financial for Lutherans now owns 24,210 shares of the bank’s stock worth $989,000 after acquiring an additional 3,067 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Company 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.