Triune Financial Partners LLC Makes New $268,000 Investment in Equity Bancshares, Inc. (NASDAQ:EQBK)

Triune Financial Partners LLC purchased a new stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,556 shares of the bank’s stock, valued at approximately $268,000. Equity Bancshares comprises about 0.1% of Triune Financial Partners LLC’s portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also recently made changes to their positions in EQBK. BNP Paribas Financial Markets boosted its stake in shares of Equity Bancshares by 97.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock worth $247,000 after buying an additional 3,541 shares during the last quarter. Empowered Funds LLC lifted its holdings in Equity Bancshares by 8.0% in the first quarter. Empowered Funds LLC now owns 75,240 shares of the bank’s stock valued at $2,586,000 after acquiring an additional 5,600 shares during the period. Foundry Partners LLC purchased a new position in Equity Bancshares in the first quarter worth about $364,000. Vanguard Group Inc. grew its stake in shares of Equity Bancshares by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 754,069 shares of the bank’s stock valued at $25,917,000 after purchasing an additional 10,868 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of Equity Bancshares during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK traded up $0.88 during mid-day trading on Friday, hitting $46.85. 5,019 shares of the company’s stock traded hands, compared to its average volume of 47,575. The company has a market capitalization of $714.93 million, a P/E ratio of 41.79 and a beta of 0.89. Equity Bancshares, Inc. has a 1 year low of $24.76 and a 1 year high of $47.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day moving average is $41.37 and its two-hundred day moving average is $37.72.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.32. The company had revenue of $55.35 million for the quarter, compared to analyst estimates of $55.77 million. Equity Bancshares had a return on equity of 13.88% and a net margin of 6.36%. On average, equities analysts anticipate that Equity Bancshares, Inc. will post 4.27 EPS for the current fiscal year.

Equity Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.28%. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, September 30th. Equity Bancshares’s dividend payout ratio is presently 54.55%.

Analysts Set New Price Targets

EQBK has been the subject of several recent research reports. Stephens upgraded shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 target price for the company in a research report on Monday, October 14th. Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Finally, DA Davidson lifted their target price on Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Insiders Place Their Bets

In related news, Director Leon Borck bought 1,467 shares of the stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of $38.77 per share, with a total value of $56,875.59. Following the completion of the purchase, the director now owns 11,941 shares of the company’s stock, valued at $462,952.57. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Brad S. Elliott sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total value of $98,072.00. Following the completion of the transaction, the chief executive officer now owns 151,979 shares of the company’s stock, valued at $6,480,384.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon Borck purchased 1,467 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the completion of the acquisition, the director now directly owns 11,941 shares in the company, valued at approximately $462,952.57. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 8.00% of the stock is owned by insiders.

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.