Northern Trust Corp Buys 48,501 Shares of Equity Bancshares, Inc. (EQBK)
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.
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