Mariner Wealth Advisors LLC purchased a new stake in Equity BancShares Inc (NASDAQ:EQBK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 95,930 shares of the bank’s stock, valued at approximately $3,397,000. Mariner Wealth Advisors LLC owned 0.66% of Equity BancShares as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Commerce Bank increased its position in Equity BancShares by 197.9% during the third quarter. Commerce Bank now owns 207,977 shares of the bank’s stock worth $7,400,000 after acquiring an additional 138,156 shares during the period. Schwab Charles Investment Management Inc. increased its position in Equity BancShares by 68.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the bank’s stock worth $567,000 after acquiring an additional 7,500 shares during the period. TIAA CREF Investment Management LLC increased its position in Equity BancShares by 95.4% during the second quarter. TIAA CREF Investment Management LLC now owns 28,409 shares of the bank’s stock worth $870,000 after acquiring an additional 13,867 shares during the period. John W. Rosenthal Capital Management Inc. bought a new position in Equity BancShares during the third quarter worth $1,779,000. Finally, Citadel Advisors LLC increased its position in Equity BancShares by 144.7% during the third quarter. Citadel Advisors LLC now owns 16,259 shares of the bank’s stock worth $578,000 after acquiring an additional 9,615 shares during the period. 59.22% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on EQBK. BidaskClub lowered shares of Equity BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Equity BancShares from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, January 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $45.00 target price on shares of Equity BancShares in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Shares of Equity BancShares Inc (NASDAQ:EQBK) opened at $36.83 on Tuesday. The stock has a market cap of $537.90, a price-to-earnings ratio of 18.60 and a beta of 0.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.70. Equity BancShares Inc has a fifty-two week low of $29.13 and a fifty-two week high of $36.99.
Equity BancShares (NASDAQ:EQBK) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $28.69 million for the quarter. Equity BancShares had a net margin of 17.48% and a return on equity of 8.87%. equities research analysts forecast that Equity BancShares Inc will post 2.69 earnings per share for the current fiscal year.
In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $35.00, for a total value of $350,805.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 14.90% of the company’s stock.
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About Equity BancShares
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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