Equity Bancshares, Inc. (EQBK) Shares Bought by Northpointe Capital LLC
Northpointe Capital LLC boosted its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 31.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 265,455 shares of the bank’s stock after buying an additional 64,262 shares during the period. Northpointe Capital LLC’s holdings in Equity Bancshares were worth $8,134,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Garrison Financial Corp purchased a new position in Equity Bancshares during the second quarter valued at $439,000. Rhumbline Advisers purchased a new position in Equity Bancshares during the second quarter valued at $339,000. First Trust Advisors LP purchased a new position in Equity Bancshares during the second quarter valued at $703,000. Schwab Charles Investment Management Inc. boosted its position in Equity Bancshares by 68.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the bank’s stock valued at $567,000 after buying an additional 7,500 shares in the last quarter. Finally, V Wealth Management LLC purchased a new position in Equity Bancshares during the second quarter valued at $120,000. Institutional investors and hedge funds own 57.28% of the company’s stock.
Equity Bancshares, Inc. (NASDAQ:EQBK) opened at 34.50 on Tuesday. Equity Bancshares, Inc. has a one year low of $23.07 and a one year high of $38.03. The stock has a market cap of $421.11 million, a PE ratio of 25.90 and a beta of 1.11. The stock has a 50 day moving average price of $33.26 and a 200-day moving average price of $32.07.
Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $25.16 million during the quarter. Equity Bancshares had a return on equity of 7.41% and a net margin of 15.31%. Equities research analysts expect that Equity Bancshares, Inc. will post $1.98 earnings per share for the current fiscal year.
Several research firms have weighed in on EQBK. ValuEngine cut Equity Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company began coverage on Equity Bancshares in a report on Wednesday, June 14th. They set a “market perform” rating and a $14.00 price target for the company. Sandler O’Neill began coverage on Equity Bancshares in a report on Wednesday, June 14th. They set a “buy” rating for the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 price target on shares of Equity Bancshares in a report on Wednesday, May 24th. Finally, FBR & Co reiterated a “buy” rating and issued a $40.00 target price on shares of Equity Bancshares in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Equity Bancshares presently has a consensus rating of “Hold” and an average price target of $30.33.
In related news, EVP Scott A. Smits purchased 4,500 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was acquired at an average cost of $30.47 per share, for a total transaction of $137,115.00. Following the completion of the transaction, the executive vice president now directly owns 9,500 shares of the company’s stock, valued at $289,465. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Wendell Bontrager purchased 2,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $34.39 per share, with a total value of $68,780.00. Following the completion of the transaction, the insider now directly owns 5,984 shares of the company’s stock, valued at $205,789.76. The disclosure for this purchase can be found here. Insiders bought 9,150 shares of company stock valued at $292,947 over the last 90 days. Company insiders own 14.90% of the company’s stock.
Equity Bancshares Company Profile
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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