Equity Bancshares, Inc. $EQBK Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Equity Bancshares, Inc. (NYSE:EQBK) by 56.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,499 shares of the company’s stock after selling 352,117 shares during the quarter. Wellington Management Group LLP’s holdings in Equity Bancshares were worth $13,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQBK. First Trust Advisors LP grew its position in Equity Bancshares by 0.6% in the first quarter. First Trust Advisors LP now owns 48,621 shares of the company’s stock valued at $2,159,000 after acquiring an additional 300 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Equity Bancshares by 0.7% during the fourth quarter. Russell Investments Group Ltd. now owns 51,640 shares of the company’s stock worth $2,306,000 after purchasing an additional 381 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Equity Bancshares by 5.6% during the third quarter. Intech Investment Management LLC now owns 7,306 shares of the company’s stock worth $297,000 after purchasing an additional 388 shares in the last quarter. Mariner LLC boosted its stake in shares of Equity Bancshares by 5.4% in the fourth quarter. Mariner LLC now owns 9,516 shares of the company’s stock valued at $425,000 after purchasing an additional 486 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock valued at $28,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Brett Reber sold 1,686 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $47.85, for a total value of $80,675.10. Following the completion of the sale, the general counsel directly owned 34,495 shares in the company, valued at approximately $1,650,585.75. The trade was a 4.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisa Ann Schlehuber bought 989 shares of the stock in a transaction on Tuesday, July 28th. The shares were acquired at an average price of $50.98 per share, with a total value of $50,419.22. Following the purchase, the director owned 2,092 shares of the company’s stock, valued at $106,650.16. The trade was a 89.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 4,989 shares of company stock worth $250,919 and have sold 26,186 shares worth $1,331,626. Insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Hovde Group lifted their price target on shares of Equity Bancshares from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Weiss Ratings upgraded Equity Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, DA Davidson increased their price target on Equity Bancshares from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Equity Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Equity Bancshares Stock Performance

Shares of EQBK stock opened at $50.90 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 30.48 and a beta of 0.76. Equity Bancshares, Inc. has a one year low of $38.60 and a one year high of $52.27. The company’s 50-day simple moving average is $50.10 and its 200-day simple moving average is $47.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 0.93.

Equity Bancshares (NYSE:EQBK) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.17. Equity Bancshares had a return on equity of 13.34% and a net margin of 8.26%.The firm had revenue of $81.93 million during the quarter, compared to analyst estimates of $85.10 million. Equities analysts anticipate that Equity Bancshares, Inc. will post 5.18 earnings per share for the current fiscal year.

About Equity Bancshares

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.