Equity Bancshares, Inc. $EQBK Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P has decreased its holdings in Equity Bancshares by 40.7%, selling 7,700 shares to own approximately 11,200 shares valued at $441,000.
• Several other institutional investors have also altered their positions, with CWM LLC increasing its stake by 311.5% in the same quarter.
• Equity Bancshares has garnered a Moderate Buy rating from analysts, with target prices ranging from $44.00 to $47.80.

Martingale Asset Management L P lowered its position in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,200 shares of the bank's stock after selling 7,700 shares during the period. Martingale Asset Management L P owned approximately 0.06% of Equity Bancshares worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake in 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 worth $60,963,000 after purchasing an additional 19,139 shares during the last quarter. EntryPoint Capital LLC lifted its stake in Equity Bancshares by 83.3% in the first quarter. EntryPoint Capital LLC now owns 10,891 shares of the bank's stock worth $429,000 after purchasing an additional 4,950 shares during the last quarter. Wellington Management Group LLP lifted its stake in Equity Bancshares by 17.2% in the first quarter. Wellington Management Group LLP now owns 676,587 shares of the bank's stock worth $26,658,000 after purchasing an additional 99,357 shares during the last quarter. Nuveen LLC bought a new stake in Equity Bancshares in the first quarter worth about $1,585,000. Finally, Invesco Ltd. lifted its stake in Equity Bancshares by 238.3% in the first quarter. Invesco Ltd. now owns 88,849 shares of the bank's stock worth $3,501,000 after purchasing an additional 62,583 shares during the last quarter. Institutional investors own 71.80% of the company's stock.

Equity Bancshares Stock Down 0.4%

NASDAQ:EQBK traded down $0.18 during trading hours on Thursday, reaching $40.68. The company's stock had a trading volume of 49,814 shares, compared to its average volume of 75,694. The company has a market capitalization of $781.77 million, a P/E ratio of 10.22 and a beta of 0.85. Equity Bancshares, Inc. has a 12 month low of $34.11 and a 12 month high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $40.06 and a two-hundred day moving average price of $39.71.

Analysts Set New Price Targets

Several analysts have recently weighed in on EQBK shares. DA Davidson lifted their price target on shares of Equity Bancshares from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their price target on shares of Equity Bancshares from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, July 16th. 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 has an average rating of "Moderate Buy" and an average price target of $47.80.

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.