Bank of New York Mellon Corp lifted its stake in shares of Equity BancShares Inc (NASDAQ:EQBK) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,647 shares of the bank’s stock after buying an additional 8,710 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.42% of Equity BancShares worth $2,314,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Equity BancShares by 4.6% during the fourth quarter. BlackRock Inc. now owns 801,575 shares of the bank’s stock worth $28,256,000 after purchasing an additional 35,604 shares during the last quarter. Vanguard Group Inc. lifted its stake in Equity BancShares by 2.1% during the third quarter. Vanguard Group Inc. now owns 573,348 shares of the bank’s stock worth $22,509,000 after purchasing an additional 11,560 shares during the last quarter. Vanguard Group Inc lifted its stake in Equity BancShares by 2.1% during the third quarter. Vanguard Group Inc now owns 573,348 shares of the bank’s stock worth $22,509,000 after purchasing an additional 11,560 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Equity BancShares by 2.0% during the third quarter. Renaissance Technologies LLC now owns 440,800 shares of the bank’s stock worth $17,306,000 after purchasing an additional 8,703 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Equity BancShares by 17.0% during the third quarter. Dimensional Fund Advisors LP now owns 426,680 shares of the bank’s stock worth $16,751,000 after purchasing an additional 62,006 shares during the last quarter. 64.50% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. ValuEngine cut Equity BancShares from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Keefe, Bruyette & Woods cut Equity BancShares from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $47.00 to $45.00 in a research note on Thursday, January 3rd. BidaskClub upgraded Equity BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Zacks Investment Research cut Equity BancShares from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Equity BancShares has an average rating of “Hold” and a consensus target price of $44.00.
Shares of NASDAQ EQBK opened at $29.80 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.87 and a quick ratio of 0.87. Equity BancShares Inc has a twelve month low of $27.65 and a twelve month high of $44.30. The company has a market capitalization of $470.93 million, a price-to-earnings ratio of 11.29, a PEG ratio of 1.07 and a beta of 0.43.
Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). Equity BancShares had a net margin of 19.76% and a return on equity of 9.66%. The firm had revenue of $38.79 million during the quarter, compared to analysts’ expectations of $39.48 million. As a group, sell-side analysts anticipate that Equity BancShares Inc will post 2.79 earnings per share for the current year.
In other news, Director Gary C. Allerheiligen acquired 1,000 shares of Equity BancShares stock in a transaction on Thursday, January 31st. The stock was bought at an average price of $31.75 per share, for a total transaction of $31,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 1,068 shares of company stock valued at $33,972. 8.30% of the stock is owned by company insiders.
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Equity BancShares Company Profile
Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.
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