Patriot Financial Partners GP LP lifted its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,217,214 shares of the bank's stock after purchasing an additional 215,000 shares during the quarter. Equity Bancshares comprises about 16.9% of Patriot Financial Partners GP LP's investment portfolio, making the stock its 3rd biggest position. Patriot Financial Partners GP LP owned about 7.96% of Equity Bancshares worth $51,634,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Empowered Funds LLC increased its position in Equity Bancshares by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 74,396 shares of the bank's stock worth $3,041,000 after purchasing an additional 3,752 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Equity Bancshares by 14.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,210 shares of the bank's stock worth $989,000 after purchasing an additional 3,067 shares in the last quarter. Foundry Partners LLC increased its position in Equity Bancshares by 13.8% during the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank's stock worth $4,886,000 after purchasing an additional 14,540 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Equity Bancshares by 175.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank's stock worth $4,590,000 after purchasing an additional 71,547 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock worth $131,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company's stock.
Equity Bancshares Stock Up 1.6 %
Shares of NASDAQ:EQBK traded up $0.65 during trading on Wednesday, hitting $40.67. The company's stock had a trading volume of 55,039 shares, compared to its average volume of 50,724. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. Equity Bancshares, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $50.85. The stock's 50-day moving average price is $42.39 and its two-hundred day moving average price is $43.05. The company has a market capitalization of $712.07 million, a PE ratio of 10.22 and a beta of 0.94.
Analysts Set New Price Targets
EQBK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens dropped their target price on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. DA Davidson dropped their target price on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Finally, Hovde Group raised their target price on Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.00.
Get Our Latest Stock Report on EQBK
Equity Bancshares 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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