Dimensional Fund Advisors LP grew its holdings in Equity BancShares Inc (NASDAQ:EQBK) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 488,840 shares of the bank’s stock after purchasing an additional 62,160 shares during the quarter. Dimensional Fund Advisors LP owned about 3.10% of Equity BancShares worth $17,232,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of EQBK. FMR LLC raised its position in shares of Equity BancShares by 141.8% during the third quarter. FMR LLC now owns 1,290,059 shares of the bank’s stock worth $50,648,000 after acquiring an additional 756,428 shares during the last quarter. BlackRock Inc. raised its position in shares of Equity BancShares by 4.6% during the fourth quarter. BlackRock Inc. now owns 801,575 shares of the bank’s stock worth $28,256,000 after acquiring an additional 35,604 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Equity BancShares by 2.1% during the third quarter. Vanguard Group Inc. now owns 573,348 shares of the bank’s stock worth $22,509,000 after acquiring an additional 11,560 shares during the last quarter. Vanguard Group Inc raised its position in shares of Equity BancShares by 2.1% during the third quarter. Vanguard Group Inc now owns 573,348 shares of the bank’s stock worth $22,509,000 after acquiring an additional 11,560 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Equity BancShares by 2.0% during the third quarter. Renaissance Technologies LLC now owns 440,800 shares of the bank’s stock worth $17,306,000 after acquiring an additional 8,703 shares during the last quarter. 64.50% of the stock is currently owned by institutional investors.
In related news, Director Gary C. Allerheiligen acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average price of $31.75 per share, for a total transaction of $31,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 1,068 shares of company stock valued at $33,972 in the last quarter. 8.30% of the stock is currently owned by corporate insiders.
NASDAQ EQBK opened at $29.70 on Wednesday. The stock has a market capitalization of $464.61 million, a P/E ratio of 11.14, a P/E/G ratio of 1.05 and a beta of 0.43. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.91. Equity BancShares Inc has a 12 month low of $27.65 and a 12 month high of $44.30.
Equity BancShares (NASDAQ:EQBK) last released its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). The company had revenue of $38.79 million during the quarter, compared to the consensus estimate of $39.48 million. Equity BancShares had a net margin of 19.76% and a return on equity of 9.66%. On average, equities research analysts predict that Equity BancShares Inc will post 2.79 EPS for the current year.
A number of research firms have recently weighed in on EQBK. Zacks Investment Research upgraded Equity BancShares from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded Equity BancShares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub upgraded Equity BancShares from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Keefe, Bruyette & Woods downgraded Equity BancShares from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $47.00 to $45.00 in a report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.25.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2019/04/17/equity-bancshares-inc-eqbk-holdings-boosted-by-dimensional-fund-advisors-lp.html.
About Equity BancShares
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.
Read More: Bid-Ask Spread
Receive News & Ratings for Equity BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity BancShares and related companies with MarketBeat.com's FREE daily email newsletter.