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

Wellington Management Group LLP decreased its position in shares of Equity Bancshares, Inc. (NYSE:EQBK) by 56.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,499 shares of the company’s stock after selling 352,117 shares during the quarter. Wellington Management Group LLP owned 1.30% of Equity Bancshares worth $13,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EQBK. Osaic Holdings Inc. raised its holdings in Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after purchasing an additional 502 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Equity Bancshares in the second quarter valued at $36,000. Royal Bank of Canada increased its position in shares of Equity Bancshares by 132.0% in the fourth quarter. Royal Bank of Canada now owns 972 shares of the company’s stock valued at $44,000 after buying an additional 553 shares in the last quarter. State of Wyoming purchased a new position in shares of Equity Bancshares in the second quarter valued at $59,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $79,000 after buying an additional 1,347 shares during 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 firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $47.85, for a total value of $80,675.10. Following the transaction, the general counsel directly owned 34,495 shares in the company, valued at $1,650,585.75. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lisa Ann Schlehuber acquired 989 shares of Equity Bancshares stock in a transaction dated Tuesday, July 28th. The stock was purchased at an average cost of $50.98 per share, for a total transaction of $50,419.22. Following the completion of the purchase, the director directly owned 2,092 shares in the company, valued at approximately $106,650.16. This represents a 89.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 4,989 shares of company stock worth $250,919 and sold 26,186 shares worth $1,331,626. 14.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQBK. Piper Sandler reiterated an “overweight” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. Hovde Group upped their price target on shares of Equity Bancshares from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Friday. Wall Street Zen upgraded shares of Equity Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of Equity Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.00.

Equity Bancshares Stock Down 0.1%

Shares of NYSE EQBK opened at $50.90 on Tuesday. The stock has a market capitalization of $1.05 billion, a PE ratio of 30.48 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $50.10 and a 200-day moving average of $47.17. Equity Bancshares, Inc. has a 52-week low of $38.60 and a 52-week high of $52.27.

Equity Bancshares (NYSE:EQBK) last issued its earnings results on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, topping 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 business had revenue of $81.93 million for the quarter, compared to analyst estimates of $85.10 million. On average, analysts anticipate that Equity Bancshares, Inc. will post 5.18 EPS for the current year.

Equity Bancshares Company Profile

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.