Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Sold by LSV Asset Management

LSV Asset Management lowered its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK) by 75.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,018 shares of the bank’s stock after selling 65,083 shares during the period. LSV Asset Management owned approximately 0.14% of Equity Bancshares worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new position in shares of Equity Bancshares in the first quarter valued at approximately $42,000. BNP Paribas Financial Markets grew its holdings in Equity Bancshares by 97.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock worth $247,000 after acquiring an additional 3,541 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Equity Bancshares by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,831 shares of the bank’s stock worth $2,810,000 after acquiring an additional 3,838 shares in the last quarter. Empowered Funds LLC grew its holdings in Equity Bancshares by 8.0% during the 1st quarter. Empowered Funds LLC now owns 75,240 shares of the bank’s stock worth $2,586,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings in Equity Bancshares by 112.5% during the 1st quarter. Denali Advisors LLC now owns 13,600 shares of the bank’s stock worth $467,000 after acquiring an additional 7,200 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Stock Up 0.7 %

Shares of NASDAQ:EQBK opened at $38.94 on Friday. The company has a market capitalization of $593.95 million, a PE ratio of 64.90 and a beta of 0.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. Equity Bancshares, Inc. has a twelve month low of $22.78 and a twelve month high of $42.02. The firm has a 50 day simple moving average of $38.59 and a 200-day simple moving average of $35.09.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings results on Tuesday, July 16th. The bank reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. Equity Bancshares had a net margin of 3.75% and a return on equity of 12.43%. The firm had revenue of $55.43 million during the quarter, compared to the consensus estimate of $54.56 million. On average, equities analysts predict that Equity Bancshares, Inc. will post 4.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stephens boosted their price target on shares of Equity Bancshares from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Piper Sandler boosted their price objective on shares of Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Equity Bancshares currently has a consensus rating of “Hold” and an average target price of $39.00.

Insider Activity at Equity Bancshares

In related news, Director Gregory L. Gaeddert sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $40.99, for a total value of $245,940.00. Following the completion of the sale, the director now owns 17,167 shares in the company, valued at approximately $703,675.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Equity Bancshares news, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $40.64, for a total value of $1,007,912.64. Following the transaction, the chief executive officer now directly owns 151,616 shares of the company’s stock, valued at approximately $6,161,674.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory L. Gaeddert sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $40.99, for a total transaction of $245,940.00. Following the completion of the transaction, the director now directly owns 17,167 shares in the company, valued at $703,675.33. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.

Equity Bancshares Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.