Northern Trust Corp boosted its stake in Equity Bancshares, Inc. (NASDAQ:EQBK) by 73.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,210 shares of the bank’s stock after purchasing an additional 48,501 shares during the period. Northern Trust Corp owned about 0.94% of Equity Bancshares worth $3,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQBK. Vanguard Group Inc. increased its holdings in Equity Bancshares by 79.5% in the first quarter. Vanguard Group Inc. now owns 228,337 shares of the bank’s stock valued at $7,254,000 after purchasing an additional 101,113 shares during the period. Northpointe Capital LLC increased its holdings in Equity Bancshares by 31.9% in the second quarter. Northpointe Capital LLC now owns 265,455 shares of the bank’s stock valued at $8,134,000 after purchasing an additional 64,262 shares during the period. Renaissance Technologies LLC increased its holdings in Equity Bancshares by 48.6% in the first quarter. Renaissance Technologies LLC now owns 112,200 shares of the bank’s stock valued at $3,565,000 after purchasing an additional 36,682 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Equity Bancshares in the first quarter valued at $1,120,000. Finally, Penn Capital Management Co. Inc. acquired a new stake in Equity Bancshares in the second quarter valued at $919,000. Institutional investors and hedge funds own 65.14% of the company’s stock.

In other Equity Bancshares news, CEO Brad S. Elliott sold 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief executive officer now directly owns 201,933 shares in the company, valued at approximately $6,865,722. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brad S. Elliott sold 4,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $34.00, for a total value of $136,000.00. Following the sale, the chief executive officer now owns 200,933 shares of the company’s stock, valued at $6,831,722. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock valued at $816,000. Company insiders own 14.90% of the company’s stock.

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) opened at $34.29 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Equity Bancshares, Inc. has a 1-year low of $29.13 and a 1-year high of $38.03. The firm has a market capitalization of $420.61, a PE ratio of 19.10 and a beta of 1.05.

A number of analysts recently weighed in on EQBK shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 price objective on shares of Equity Bancshares in a report on Tuesday, October 3rd. ValuEngine downgraded Equity Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Equity Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.67.

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About Equity Bancshares

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.

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

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