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.
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