Equity Bancshares, Inc. (EQBK) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors raised its stake in Equity Bancshares, Inc. (NASDAQ:EQBK) by 53.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,375 shares of the bank’s stock after buying an additional 2,218 shares during the period. Nationwide Fund Advisors owned 0.05% of Equity Bancshares worth $195,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in Equity Bancshares by 1.8% in the second quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock valued at $177,000 after buying an additional 103 shares in the last quarter. American International Group Inc. raised its stake in shares of Equity Bancshares by 44.9% during the first quarter. American International Group Inc. now owns 4,202 shares of the bank’s stock valued at $133,000 after acquiring an additional 1,302 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Equity Bancshares during the first quarter valued at $164,000. Schwab Charles Investment Management Inc. raised its stake in shares of Equity Bancshares by 68.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the bank’s stock valued at $567,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Equity Bancshares by 83.3% during the second quarter. Teachers Advisors LLC now owns 18,826 shares of the bank’s stock valued at $577,000 after acquiring an additional 8,557 shares during the last quarter. Hedge funds and other institutional investors own 59.79% of the company’s stock.
Several equities analysts have recently issued reports on EQBK shares. Zacks Investment Research downgraded shares of Equity Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 price target on shares of Equity Bancshares in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of Equity Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.67.
Equity Bancshares, Inc. (EQBK) opened at $33.18 on Thursday. Equity Bancshares, Inc. has a 52 week low of $29.13 and a 52 week high of $38.03. The firm has a market cap of $409.96, a price-to-earnings ratio of 18.62 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83.
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In related 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 transaction, the chief executive officer now owns 201,933 shares of the company’s stock, valued at $6,865,722. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the chief executive officer now directly owns 200,933 shares of the company’s stock, valued at approximately $6,831,722. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $816,000 in the last three months. 14.90% of the stock is owned by insiders.
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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