Deutsche Bank AG Sells 12,593 Shares of Equity BancShares Inc (EQBK)

Deutsche Bank AG decreased its position in Equity BancShares Inc (NASDAQ:EQBK) by 46.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,684 shares of the bank’s stock after selling 12,593 shares during the period. Deutsche Bank AG’s holdings in Equity BancShares were worth $515,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. MetLife Investment Advisors LLC lifted its holdings in shares of Equity BancShares by 55.7% during the third quarter. MetLife Investment Advisors LLC now owns 8,412 shares of the bank’s stock worth $330,000 after purchasing an additional 3,008 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Equity BancShares by 7.8% during the third quarter. Teachers Advisors LLC now owns 24,404 shares of the bank’s stock worth $958,000 after purchasing an additional 1,760 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Equity BancShares by 2.1% during the third quarter. Vanguard Group Inc. now owns 573,348 shares of the bank’s stock worth $22,509,000 after purchasing an additional 11,560 shares during the period. Vanguard Group Inc lifted its holdings in shares of Equity BancShares by 2.1% during the third quarter. Vanguard Group Inc now owns 573,348 shares of the bank’s stock worth $22,509,000 after purchasing an additional 11,560 shares during the period. Finally, Wealth Alliance Advisory Group LLC lifted its holdings in shares of Equity BancShares by 3.8% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 27,379 shares of the bank’s stock worth $965,000 after purchasing an additional 1,000 shares during the period. 63.79% of the stock is owned by hedge funds and other institutional investors.

In other Equity BancShares news, COO Craig L. Anderson bought 1,000 shares of Equity BancShares stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $26.31 per share, with a total value of $26,310.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.30% of the stock is currently owned by company insiders.

Equity BancShares stock opened at $27.11 on Tuesday. Equity BancShares Inc has a one year low of $22.75 and a one year high of $44.30. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $424.47 million, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.35.

Equity BancShares (NASDAQ:EQBK) last released its earnings results on Monday, April 22nd. The bank reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.19). Equity BancShares had a net margin of 12.04% and a return on equity of 9.02%. The business had revenue of $35.96 million during the quarter, compared to analyst estimates of $38.61 million. On average, analysts predict that Equity BancShares Inc will post 2.54 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. TheStreet downgraded Equity BancShares from a “b-” rating to a “c” rating in a report on Tuesday, April 23rd. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. BidaskClub downgraded Equity BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. Finally, ValuEngine downgraded Equity BancShares from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Equity BancShares has a consensus rating of “Hold” and an average target price of $44.00.

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About Equity BancShares

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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