Nuveen LLC purchased a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,241 shares of the bank's stock, valued at approximately $1,585,000. Nuveen LLC owned approximately 0.23% of Equity Bancshares as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Equity Bancshares by 238.3% in the 1st quarter. Invesco Ltd. now owns 88,849 shares of the bank's stock valued at $3,501,000 after acquiring an additional 62,583 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Equity Bancshares by 127.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,352 shares of the bank's stock valued at $1,472,000 after acquiring an additional 20,894 shares during the period. Charles Schwab Investment Management Inc. grew its position in Equity Bancshares by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 124,461 shares of the bank's stock valued at $4,904,000 after acquiring an additional 11,448 shares during the period. Vanguard Group Inc. grew its position in Equity Bancshares by 5.7% in the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank's stock valued at $35,013,000 after acquiring an additional 47,716 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Equity Bancshares in the first quarter valued at $561,000. Institutional investors and hedge funds own 71.80% of the company's stock.
Equity Bancshares Trading Down 0.9%
Shares of NASDAQ:EQBK traded down $0.40 during midday trading on Thursday, hitting $42.42. The company had a trading volume of 103,157 shares, compared to its average volume of 76,496. Equity Bancshares, Inc. has a 12 month low of $34.11 and a 12 month 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. The stock has a market cap of $815.21 million, a price-to-earnings ratio of 10.66 and a beta of 0.83. The firm has a fifty day simple moving average of $40.20 and a 200 day simple moving average of $39.63.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. DA Davidson upped their price target on Equity Bancshares from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price target on Equity Bancshares from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Thursday. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.40.
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Equity Bancshares Company Profile
(
Free Report)
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.
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