Equity Bancshares, Inc. $EQBK Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Equity Bancshares, Inc. by 1.3% in Q1, holding 1,547,284 shares valued at approximately $60.96 million.
• Equity Bancshares shares opened at $41.36 and have exhibited a market capitalization of around $794.84 million with a P/E ratio of 10.39.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Equity Bancshares with an average target price of $47.80.

T. Rowe Price Investment Management Inc. boosted its stake in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,547,284 shares of the bank's stock after buying an additional 19,139 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 8.84% of Equity Bancshares worth $60,963,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in Equity Bancshares in the 1st quarter valued at $39,000. CWM LLC grew its holdings in Equity Bancshares by 311.5% in the 1st quarter. CWM LLC now owns 2,041 shares of the bank's stock valued at $80,000 after buying an additional 1,545 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Equity Bancshares in the 4th quarter worth $98,000. GAMMA Investing LLC increased its stake in shares of Equity Bancshares by 81,650.0% in the 1st quarter. GAMMA Investing LLC now owns 3,270 shares of the bank's stock worth $129,000 after acquiring an additional 3,266 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Equity Bancshares during the 4th quarter worth $210,000. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

Equity Bancshares Stock Down 0.4%

Shares of NASDAQ EQBK traded down $0.17 during mid-day trading on Thursday, hitting $40.69. The company had a trading volume of 11,671 shares, compared to its average volume of 75,446. The business's 50-day simple moving average is $40.02 and its 200 day simple moving average is $39.74. Equity Bancshares, Inc. has a 1-year low of $34.11 and a 1-year high of $50.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $781.90 million, a PE ratio of 10.24 and a beta of 0.85.

Wall Street Analyst Weigh In

EQBK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Equity Bancshares from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. DA Davidson raised their price target on shares of Equity Bancshares from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.80.

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.