Brandywine Global Investment Management LLC boosted its holdings in shares of Equity BancShares Inc (NASDAQ:EQBK) by 48.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,604 shares of the bank’s stock after acquiring an additional 1,827 shares during the period. Brandywine Global Investment Management LLC’s holdings in Equity BancShares were worth $199,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQBK. Covenant Multifamily Offices LLC acquired a new stake in Equity BancShares during the 4th quarter worth $4,189,000. Mariner Wealth Advisors LLC acquired a new position in shares of Equity BancShares in the 4th quarter valued at $3,397,000. Vanguard Group Inc. grew its holdings in shares of Equity BancShares by 35.2% in the 2nd quarter. Vanguard Group Inc. now owns 308,622 shares of the bank’s stock valued at $9,456,000 after buying an additional 80,285 shares during the period. Kennedy Capital Management Inc. grew its holdings in shares of Equity BancShares by 66.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 184,748 shares of the bank’s stock valued at $6,542,000 after buying an additional 73,618 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Equity BancShares by 124.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock valued at $4,254,000 after buying an additional 66,390 shares during the period. 59.47% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on EQBK shares. BidaskClub lowered shares of Equity BancShares from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $45.00 price target on shares of Equity BancShares in a report on Friday, December 22nd. Zacks Investment Research raised shares of Equity BancShares from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, TheStreet raised shares of Equity BancShares from a “c” rating to a “b” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.50.
Equity BancShares Inc (EQBK) opened at $39.30 on Friday. Equity BancShares Inc has a fifty-two week low of $29.13 and a fifty-two week high of $40.77. The stock has a market cap of $580.70, a price-to-earnings ratio of 24.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.90 and a quick ratio of 0.83.
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. Equity BancShares had a net margin of 17.48% and a return on equity of 8.24%. The company had revenue of $28.69 million during the quarter. sell-side analysts expect that Equity BancShares Inc will post 2.73 earnings per share for the current fiscal year.
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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