Equity BancShares Inc (EQBK) Stake Increased by State Street Corp
State Street Corp grew its stake in shares of Equity BancShares Inc (NASDAQ:EQBK) by 60.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,337 shares of the bank’s stock after acquiring an additional 58,679 shares during the quarter. State Street Corp owned about 1.28% of Equity BancShares worth $4,790,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Equity BancShares during the 2nd quarter valued at about $273,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Equity BancShares during the 2nd quarter valued at about $118,000. Dimensional Fund Advisors LP boosted its holdings in shares of Equity BancShares by 50.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 53,179 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 17,910 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Equity BancShares during the 2nd quarter valued at about $204,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Equity BancShares by 35.2% during the 2nd quarter. Vanguard Group Inc. now owns 308,622 shares of the bank’s stock valued at $9,456,000 after acquiring an additional 80,285 shares during the last quarter. 61.82% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Brad S. Elliott sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $34.00, for a total value of $136,000.00. Following the transaction, the chief executive officer now owns 200,933 shares in the company, valued at approximately $6,831,722. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on EQBK. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price objective on shares of Equity BancShares in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.67.
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Equity BancShares Company 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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