Bank of America Corp DE increased its holdings in shares of Equity BancShares Inc (NASDAQ:EQBK) by 315.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,754 shares of the bank’s stock after purchasing an additional 11,200 shares during the period. Bank of America Corp DE’s holdings in Equity BancShares were worth $520,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Wealth Alliance Advisory Group LLC grew its stake in Equity BancShares by 3.8% during the 4th quarter. Wealth Alliance Advisory Group LLC now owns 27,379 shares of the bank’s stock worth $965,000 after buying an additional 1,000 shares during the last quarter. Teachers Advisors LLC grew its stake in Equity BancShares by 7.8% during the 3rd quarter. Teachers Advisors LLC now owns 24,404 shares of the bank’s stock worth $958,000 after buying an additional 1,760 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in Equity BancShares by 0.8% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 230,606 shares of the bank’s stock worth $8,129,000 after buying an additional 1,833 shares during the last quarter. Citigroup Inc. grew its stake in Equity BancShares by 56.6% during the 4th quarter. Citigroup Inc. now owns 5,460 shares of the bank’s stock worth $192,000 after buying an additional 1,973 shares during the last quarter. Finally, Great West Life Assurance Co. Can purchased a new position in Equity BancShares during the 4th quarter worth $89,000. Hedge funds and other institutional investors own 63.79% of the company’s stock.
Equity BancShares stock opened at $27.11 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The stock has a market cap of $424.47 million, a price-to-earnings ratio of 10.27, a PEG ratio of 1.06 and a beta of 0.35. Equity BancShares Inc has a fifty-two week low of $22.75 and a fifty-two week high of $44.30.
Several research analysts recently weighed in on EQBK shares. TheStreet downgraded Equity BancShares from a “b-” rating to a “c” rating in a research note on Tuesday, April 23rd. ValuEngine downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, BidaskClub downgraded Equity BancShares from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Equity BancShares presently has an average rating of “Hold” and an average target price of $44.00.
In other news, Director James L. Berglund purchased 1,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $25.56 per share, for a total transaction of $25,560.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.30% of the stock is currently owned by insiders.
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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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