Mesirow Financial Investment Management Inc. lifted its holdings in shares of Equity BancShares Inc (NASDAQ:EQBK) by 45.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,233 shares of the bank’s stock after acquiring an additional 2,892 shares during the period. Mesirow Financial Investment Management Inc. owned approximately 0.06% of Equity BancShares worth $266,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Equity BancShares by 25.0% in the 4th quarter. Legal & General Group Plc now owns 2,499 shares of the bank’s stock valued at $88,000 after buying an additional 500 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in Equity BancShares in the 4th quarter valued at $89,000. Metropolitan Life Insurance Co. NY grew its holdings in Equity BancShares by 242.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,251 shares of the bank’s stock valued at $150,000 after buying an additional 3,008 shares in the last quarter. Citigroup Inc. grew its holdings in Equity BancShares by 56.6% in the 4th quarter. Citigroup Inc. now owns 5,460 shares of the bank’s stock valued at $192,000 after buying an additional 1,973 shares in the last quarter. Finally, TD Asset Management Inc. purchased a new stake in Equity BancShares in the 4th quarter valued at $282,000. 64.50% of the stock is owned by hedge funds and other institutional investors.
EQBK stock traded down $0.05 during mid-day trading on Wednesday, reaching $29.65. The company had a trading volume of 3,330 shares, compared to its average volume of 65,851. The firm has a market capitalization of $468.47 million, a P/E ratio of 11.23, a P/E/G ratio of 1.05 and a beta of 0.43. Equity BancShares Inc has a fifty-two week low of $27.65 and a fifty-two week 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.
Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Equity BancShares had a net margin of 19.76% and a return on equity of 9.66%. The business had revenue of $38.79 million during the quarter, compared to analyst estimates of $39.48 million. On average, analysts expect that Equity BancShares Inc will post 2.79 EPS for the current year.
Several brokerages have recently commented on EQBK. ValuEngine lowered Equity BancShares from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Keefe, Bruyette & Woods lowered Equity BancShares from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $47.00 to $45.00 in a research note on Thursday, January 3rd. BidaskClub raised Equity BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Zacks Investment Research lowered Equity BancShares from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Equity BancShares currently has an average rating of “Hold” and an average target price of $44.25.
In other Equity BancShares news, Director Gary C. Allerheiligen purchased 1,000 shares of the stock in a transaction dated Thursday, January 31st. The shares were bought at an average price of $31.75 per share, with a total value of $31,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders acquired 1,068 shares of company stock worth $33,972. Corporate insiders own 8.30% of the company’s stock.
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Equity BancShares 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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