8,898 Shares in Equity BancShares Inc (NASDAQ:EQBK) Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. purchased a new stake in Equity BancShares Inc (NASDAQ:EQBK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,898 shares of the bank’s stock, valued at approximately $273,000. Goldman Sachs Group Inc. owned about 0.07% of Equity BancShares at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Commerce Bank grew its position in Equity BancShares by 27.4% during the 2nd quarter. Commerce Bank now owns 69,821 shares of the bank’s stock worth $2,139,000 after purchasing an additional 15,000 shares during the period. Vanguard Group Inc. lifted its stake in Equity BancShares by 79.5% in the 1st quarter. Vanguard Group Inc. now owns 228,337 shares of the bank’s stock valued at $7,254,000 after buying an additional 101,113 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Equity BancShares in the 1st quarter valued at about $1,120,000. Schwab Charles Investment Management Inc. lifted its stake in Equity BancShares by 68.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the bank’s stock valued at $567,000 after buying an additional 7,500 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Equity BancShares by 95.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 28,409 shares of the bank’s stock valued at $870,000 after buying an additional 13,867 shares in the last quarter. 61.82% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Brad S. Elliott sold 10,000 shares of Equity BancShares stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief executive officer now directly owns 201,933 shares of the company’s stock, valued at approximately $6,865,722. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brad S. Elliott sold 4,000 shares of Equity BancShares stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $34.00, for a total transaction of $136,000.00. Following the sale, the chief executive officer now directly owns 200,933 shares of the company’s stock, valued at $6,831,722. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

EQBK has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price target on shares of Equity BancShares in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Equity BancShares currently has a consensus rating of “Hold” and a consensus target price of $31.67.

Equity BancShares Inc (EQBK) traded up $0.96 during trading on Monday, reaching $35.08. 66,251 shares of the company traded hands, compared to its average volume of 46,456. Equity BancShares Inc has a 12-month low of $29.13 and a 12-month high of $38.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $417.42, a P/E ratio of 18.96 and a beta of 1.02.

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Equity BancShares Profile

Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.

Institutional Ownership by Quarter for Equity BancShares (NASDAQ:EQBK)

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