Equity BancShares Inc (EQBK) Stake Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Equity BancShares Inc (NASDAQ:EQBK) by 45.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,914 shares of the bank’s stock after selling 4,993 shares during the period. JPMorgan Chase & Co.’s holdings in Equity BancShares were worth $232,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Equity BancShares by 14.1% during the first quarter. BlackRock Inc. now owns 566,957 shares of the bank’s stock worth $22,203,000 after purchasing an additional 69,883 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Equity BancShares by 4.9% in the 4th quarter. Renaissance Technologies LLC now owns 280,900 shares of the bank’s stock valued at $9,947,000 after acquiring an additional 13,200 shares during the period. Northern Trust Corp increased its position in shares of Equity BancShares by 2.2% in the 1st quarter. Northern Trust Corp now owns 125,592 shares of the bank’s stock valued at $4,918,000 after acquiring an additional 2,705 shares during the period. State of Wisconsin Investment Board increased its position in shares of Equity BancShares by 66.7% in the 1st quarter. State of Wisconsin Investment Board now owns 100,000 shares of the bank’s stock valued at $3,916,000 after acquiring an additional 40,000 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Equity BancShares by 21.0% in the 4th quarter. Geode Capital Management LLC now owns 89,537 shares of the bank’s stock valued at $3,170,000 after acquiring an additional 15,534 shares during the period. 61.87% of the stock is owned by hedge funds and other institutional investors.

EQBK has been the topic of several recent research reports. Zacks Investment Research raised shares of Equity BancShares from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Sandler O’Neill reissued a “buy” rating and set a $45.00 target price on shares of Equity BancShares in a research note on Friday, April 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of Equity BancShares in a research note on Friday, April 20th. BidaskClub lowered shares of Equity BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Finally, ValuEngine lowered shares of Equity BancShares from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Shares of Equity BancShares stock opened at $41.22 on Friday. The stock has a market capitalization of $604.50 million, a P/E ratio of 17.84 and a beta of 0.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 0.90. Equity BancShares Inc has a twelve month low of $32.92 and a twelve month high of $44.30.

Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Friday, July 20th. The bank reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.23). The business had revenue of $35.51 million during the quarter. Equity BancShares had a net margin of 17.33% and a return on equity of 9.59%. sell-side analysts forecast that Equity BancShares Inc will post 2.36 EPS for the current year.

Equity BancShares Company Profile

Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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Institutional Ownership by Quarter for Equity BancShares (NASDAQ:EQBK)

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