Dynamic Technology Lab Private Ltd Makes New Investment in Equity Bancshares, Inc. $EQBK

Key Points

• Dynamic Technology Lab Private Ltd acquired 14,029 shares of Equity Bancshares, valued at approximately $553,000, during the first quarter, representing 0.08% of the company's stock.
• Several institutional investors, including Wellington Management Group LLP, have significantly increased their holdings in Equity Bancshares, leading to a collective 71.80% ownership by institutional investors.
• Equity Bancshares has received positive analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $48.40, up from previous estimates.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,029 shares of the bank's stock, valued at approximately $553,000. Dynamic Technology Lab Private Ltd owned 0.08% of Equity Bancshares as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new stake in Equity Bancshares during the 1st quarter worth about $39,000. CWM LLC boosted its position in Equity Bancshares by 311.5% during the 1st quarter. CWM LLC now owns 2,041 shares of the bank's stock worth $80,000 after purchasing an additional 1,545 shares during the period. GAMMA Investing LLC increased its holdings in Equity Bancshares by 81,650.0% in the 1st quarter. GAMMA Investing LLC now owns 3,270 shares of the bank's stock valued at $129,000 after purchasing an additional 3,266 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Equity Bancshares during the first quarter worth about $145,000. Finally, Princeton Capital Management LLC purchased a new position in Equity Bancshares in the 1st quarter worth approximately $217,000. Hedge funds and other institutional investors own 71.80% of the company's stock.

Equity Bancshares Price Performance

NASDAQ:EQBK traded down $0.29 during mid-day trading on Friday, hitting $41.59. The company's stock had a trading volume of 103,004 shares, compared to its average volume of 76,874. The company has a market capitalization of $799.28 million, a price-to-earnings ratio of 10.45 and a beta of 0.83. The stock has a fifty day moving average of $40.18 and a 200-day moving average of $39.57. Equity Bancshares, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $50.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EQBK shares. DA Davidson lifted their price target on Equity Bancshares from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Equity Bancshares from $45.00 to $47.00 and gave the company a "market perform" rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.40.

Equity Bancshares Company 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.