Equity Bancshares, Inc. $EQBK Shares Acquired by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC increased its stake in Equity Bancshares by 7.0%, owning over 1.2 million shares valued at approximately $47.5 million, making it the fund's third largest position.
• Institutional investors currently hold 71.80% of Equity Bancshares stock, with other notable investments from firms like Wells Fargo and Barclays PLC, highlighting strong institutional interest.
• Equity Bancshares has received a consensus rating of "Moderate Buy" from analysts, with recent price targets ranging from $44.00 to $47.80.

FJ Capital Management LLC boosted its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,206,571 shares of the bank's stock after buying an additional 79,195 shares during the quarter. Equity Bancshares makes up approximately 4.9% of FJ Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. FJ Capital Management LLC owned about 6.89% of Equity Bancshares worth $47,539,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in Equity Bancshares by 45.1% during the fourth quarter. Deutsche Bank AG now owns 9,141 shares of the bank's stock valued at $388,000 after buying an additional 2,842 shares during the period. GAMMA Investing LLC increased its holdings in Equity Bancshares by 81,650.0% during the first quarter. GAMMA Investing LLC now owns 3,270 shares of the bank's stock valued at $129,000 after buying an additional 3,266 shares during the period. Vanguard Group Inc. increased its holdings in Equity Bancshares by 5.7% during the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank's stock valued at $35,013,000 after buying an additional 47,716 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Equity Bancshares in the fourth quarter worth $375,000. Finally, Jane Street Group LLC grew its holdings in Equity Bancshares by 292.7% in the fourth quarter. Jane Street Group LLC now owns 36,757 shares of the bank's stock worth $1,559,000 after purchasing an additional 27,397 shares during the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

Equity Bancshares Stock Performance

Shares of NASDAQ:EQBK traded down $0.20 on Friday, hitting $42.24. 82,367 shares of the company were exchanged, compared to its average volume of 76,530. Equity Bancshares, Inc. has a 1-year low of $34.11 and a 1-year high of $50.85. The stock's 50 day moving average price is $40.22 and its 200 day moving average price is $39.62. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $811.67 million, a P/E ratio of 10.61 and a beta of 0.83.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Equity Bancshares from $45.00 to $47.00 and gave the stock a "market perform" rating in a report on Thursday. DA Davidson lifted their price target on shares of Equity Bancshares from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Equity Bancshares 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.