Equity BancShares Inc (EQBK) Stake Boosted by Castine Capital Management LLC
Castine Capital Management LLC increased its holdings in Equity BancShares Inc (NASDAQ:EQBK) by 21.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,044 shares of the bank’s stock after acquiring an additional 39,428 shares during the period. Equity BancShares comprises approximately 2.9% of Castine Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Castine Capital Management LLC owned about 1.80% of Equity BancShares worth $7,830,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new position in shares of Equity BancShares in the third quarter valued at approximately $2,101,000. OxFORD Asset Management LLP bought a new position in shares of Equity BancShares in the third quarter valued at approximately $418,000. Dimensional Fund Advisors LP grew its holdings in shares of Equity BancShares by 124.8% in the third quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock valued at $4,254,000 after acquiring an additional 66,390 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Equity BancShares by 81.0% in the third quarter. Wells Fargo & Company MN now owns 10,450 shares of the bank’s stock valued at $372,000 after acquiring an additional 4,675 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Equity BancShares by 144.7% in the third quarter. Citadel Advisors LLC now owns 16,259 shares of the bank’s stock valued at $578,000 after acquiring an additional 9,615 shares in the last quarter. 61.82% of the stock is owned by institutional investors.
In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $35.00, for a total transaction of $350,805.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.90% of the stock is currently owned by corporate insiders.
Several research firms have recently issued reports on EQBK. Zacks Investment Research lowered Equity BancShares from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 price objective on shares of Equity BancShares in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Equity BancShares currently has an average rating of “Hold” and an average target price of $31.67.
Equity BancShares Inc (NASDAQ EQBK) opened at $34.50 on Thursday. Equity BancShares Inc has a twelve month low of $29.13 and a twelve month high of $38.03. The firm has a market capitalization of $422.68, a price-to-earnings ratio of 19.19 and a beta of 1.02. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70.
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Equity BancShares Company Profile
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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