Geode Capital Management LLC lifted its position in Equity BancShares Inc (NASDAQ:EQBK) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,263 shares of the bank’s stock after purchasing an additional 15,489 shares during the period. Geode Capital Management LLC owned about 1.01% of Equity BancShares worth $5,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its position 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 acquiring an additional 35,604 shares during the period. Vanguard Group Inc. raised its position 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 acquiring an additional 11,560 shares during the period. Vanguard Group Inc raised its position 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 acquiring an additional 11,560 shares during the period. Dimensional Fund Advisors LP raised its position in Equity BancShares by 14.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 488,840 shares of the bank’s stock worth $17,232,000 after acquiring an additional 62,160 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 acquiring an additional 8,703 shares during the period. Hedge funds and other institutional investors own 64.50% of the company’s stock.
In other Equity BancShares news, Director Gary C. Allerheiligen bought 1,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was acquired at an average price of $31.75 per share, with a total value of $31,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 1,068 shares of company stock valued at $33,972 in the last ninety days. Insiders own 8.30% of the company’s stock.
EQBK has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. ValuEngine upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Keefe, Bruyette & Woods cut shares of Equity BancShares from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, January 3rd. Finally, Zacks Investment Research cut shares of Equity BancShares from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.00.
NASDAQ:EQBK opened at $29.80 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.91. The firm has a market cap of $470.93 million, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.07 and a beta of 0.43. Equity BancShares Inc has a fifty-two week low of $27.65 and a fifty-two week high of $44.30.
Equity BancShares (NASDAQ:EQBK) last released its earnings results on Wednesday, January 23rd. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.08). Equity BancShares had a return on equity of 9.66% and a net margin of 19.76%. The business had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $39.48 million. As a group, equities research analysts predict that Equity BancShares Inc will post 2.79 EPS for the current year.
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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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