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Charles Schwab Investment Management Inc. Has $4.59 Million Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

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Charles Schwab Investment Management Inc. boosted its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 175.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,292 shares of the bank's stock after acquiring an additional 71,547 shares during the period. Charles Schwab Investment Management Inc. owned about 0.74% of Equity Bancshares worth $4,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mendon Capital Advisors Corp increased its holdings in shares of Equity Bancshares by 2,539.9% in the 2nd quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank's stock worth $12,320,000 after acquiring an additional 336,742 shares during the period. Foundry Partners LLC grew its position in Equity Bancshares by 890.4% in the 2nd quarter. Foundry Partners LLC now owns 104,985 shares of the bank's stock worth $3,695,000 after purchasing an additional 94,385 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Equity Bancshares by 35.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 41,585 shares of the bank's stock valued at $1,464,000 after purchasing an additional 10,824 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Equity Bancshares in the second quarter valued at approximately $322,000. Finally, Triune Financial Partners LLC bought a new stake in shares of Equity Bancshares during the third quarter valued at approximately $268,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQBK has been the subject of a number of recent analyst reports. DA Davidson increased their price objective on Equity Bancshares from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Stephens raised Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 price target on the stock in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $43.00 to $48.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.

View Our Latest Analysis on EQBK

Insider Transactions at Equity Bancshares

In other news, CEO Brad S. Elliott sold 2,300 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $42.64, for a total value of $98,072.00. Following the completion of the sale, the chief executive officer now owns 151,979 shares in the company, valued at $6,480,384.56. This represents a 1.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.00% of the stock is currently owned by insiders.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK traded down $0.26 during mid-day trading on Friday, reaching $46.49. The company had a trading volume of 46,982 shares, compared to its average volume of 48,368. Equity Bancshares, Inc. has a 1-year low of $30.44 and a 1-year high of $50.85. The stock has a market cap of $710.83 million, a PE ratio of 42.26 and a beta of 0.90. 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 company has a 50-day moving average price of $45.22 and a two-hundred day moving average price of $40.24.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.32. Equity Bancshares had a return on equity of 13.53% and a net margin of 6.36%. The firm had revenue of $55.35 million for the quarter, compared to analysts' expectations of $55.77 million. On average, equities analysts anticipate that Equity Bancshares, Inc. will post 4.27 earnings per share for the current year.

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

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