Equity Bancshares, Inc. $EQBK Shares Sold by PDT Partners LLC

Key Points

• PDT Partners LLC reduced its stake in Equity Bancshares, Inc. by 53.4% in the first quarter, bringing its holdings to 5,438 shares valued at $214,000.
• Multiple large investors, including T. Rowe Price and Vanguard Group, increased their positions in Equity Bancshares during the same quarter, with a collective 71.80% of the stock now owned by institutional investors.
• Equity Bancshares has a current market price of $42.24, with analysts projecting a consensus price target of $48.40 amid generally favorable ratings.

PDT Partners LLC trimmed its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 53.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,438 shares of the bank's stock after selling 6,231 shares during the period. PDT Partners LLC's holdings in Equity Bancshares were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EQBK. Bellwether Advisors LLC purchased a new position in Equity Bancshares in the 1st quarter valued at approximately $39,000. CWM LLC grew its holdings in Equity Bancshares by 311.5% in the first quarter. CWM LLC now owns 2,041 shares of the bank's stock valued at $80,000 after purchasing an additional 1,545 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Equity Bancshares by 81,650.0% in 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Equity Bancshares in the first quarter valued at $145,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Equity Bancshares during the 4th quarter worth $210,000. Institutional investors and hedge funds own 71.80% of the company's stock.

Wall Street Analyst Weigh In

EQBK has been the topic of a number of research reports. DA Davidson increased their price objective on shares of Equity Bancshares from $44.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Keefe, Bruyette & Woods upped their price target on shares of Equity Bancshares from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Equity Bancshares currently has an average rating of "Moderate Buy" and an average price target of $48.40.

Equity Bancshares Price Performance

Equity Bancshares stock traded down $0.05 during midday trading on Thursday, reaching $42.03. 90,468 shares of the company were exchanged, compared to its average volume of 76,723. The firm's 50-day simple moving average is $40.21 and its 200-day simple moving average is $39.59. Equity Bancshares, Inc. has a 1 year low of $34.11 and a 1 year high of $50.85. The company has a market capitalization of $807.71 million, a price-to-earnings ratio of 10.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current 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.