Virtu Financial LLC bought a new position in shares of Equity BancShares Inc (NASDAQ:EQBK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,257 shares of the bank’s stock, valued at approximately $292,000. Virtu Financial LLC owned 0.06% of Equity BancShares as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Penn Capital Management Co. Inc. increased its stake in Equity BancShares by 171.7% during the 4th quarter. Penn Capital Management Co. Inc. now owns 85,233 shares of the bank’s stock worth $3,018,000 after buying an additional 53,866 shares during the period. BlackRock Inc. increased its position in shares of Equity BancShares by 1.4% in the 4th quarter. BlackRock Inc. now owns 497,074 shares of the bank’s stock valued at $17,601,000 after purchasing an additional 6,672 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Equity BancShares by 11.7% in the 4th quarter. Bank of New York Mellon Corp now owns 46,607 shares of the bank’s stock valued at $1,650,000 after purchasing an additional 4,869 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Equity BancShares in the 4th quarter valued at approximately $2,125,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Equity BancShares by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 591,698 shares of the bank’s stock valued at $20,952,000 after purchasing an additional 8,977 shares during the last quarter. 59.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Equity BancShares stock opened at $39.44 on Friday. Equity BancShares Inc has a 12-month low of $29.13 and a 12-month high of $40.77. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $583.03, a PE ratio of 19.92 and a beta of 0.58.
Equity BancShares (NASDAQ:EQBK) last issued its earnings results on Thursday, January 25th. The bank reported $0.55 earnings per share (EPS) for the quarter. Equity BancShares had a net margin of 17.48% and a return on equity of 8.24%. The business had revenue of $28.69 million during the quarter. research analysts expect that Equity BancShares Inc will post 2.73 earnings per share for the current year.
A number of equities research analysts have commented on the stock. BidaskClub raised shares of Equity BancShares from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $45.00 price objective on shares of Equity BancShares in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Equity BancShares from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Friday, March 16th. Finally, TheStreet raised shares of Equity BancShares from a “c” rating to a “b” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.50.
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Equity BancShares 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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