Trexquant Investment LP Buys 18,568 Shares of Equity Bancshares, Inc. $EQBK

Key Points

• Trexquant Investment LP increased its stake in Equity Bancshares by 254.0%, acquiring 18,568 additional shares in the first quarter, bringing its total ownership to 25,879 shares valued at approximately $1,020,000.
• Institutional investors currently own 71.80% of Equity Bancshares, with other notable increases including CWM LLC's 311.5% and GAMMA Investing LLC's 81,650.0% increases in their holdings during the same period.
• Equity Bancshares' stock has an average price target of $48.40 and is rated as a "Moderate Buy" by several analysts, with recent price objectives from brokerages including Keefe, Bruyette & Woods raising it to $47.00.

Trexquant Investment LP increased its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 254.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,879 shares of the bank's stock after purchasing an additional 18,568 shares during the quarter. Trexquant Investment LP owned 0.15% of Equity Bancshares worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EQBK. Corebridge Financial Inc. increased its position in shares of Equity Bancshares by 12.2% in the first quarter. Corebridge Financial Inc. now owns 7,999 shares of the bank's stock valued at $315,000 after acquiring an additional 869 shares during the period. MetLife Investment Management LLC increased its position in shares of Equity Bancshares by 4.5% in the first quarter. MetLife Investment Management LLC now owns 9,492 shares of the bank's stock valued at $374,000 after acquiring an additional 413 shares during the period. AlphaQuest LLC increased its position in shares of Equity Bancshares by 80.8% in the first quarter. AlphaQuest LLC now owns 6,802 shares of the bank's stock valued at $268,000 after acquiring an additional 3,040 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Equity Bancshares by 1.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,547,284 shares of the bank's stock valued at $60,963,000 after acquiring an additional 19,139 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of Equity Bancshares by 83.3% in the first quarter. EntryPoint Capital LLC now owns 10,891 shares of the bank's stock valued at $429,000 after acquiring an additional 4,950 shares during the period. Hedge funds and other institutional investors own 71.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EQBK shares. Keefe, Bruyette & Woods boosted 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. DA Davidson boosted their price objective on shares of Equity Bancshares from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.40.

Equity Bancshares Trading Down 0.7%

EQBK stock traded down $0.29 during trading on Friday, reaching $41.59. The company had a trading volume of 103,004 shares, compared to its average volume of 76,874. Equity Bancshares, Inc. has a 52 week low of $34.11 and a 52 week high of $50.85. The company has a market cap of $799.28 million, a P/E ratio of 10.45 and a beta of 0.83. The business has a 50 day moving average of $40.18 and a 200 day moving average of $39.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86.

About Equity Bancshares

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.