Equity BancShares (NASDAQ:EQBK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Equity Bancshares, Inc. operates as a bank holding company primarily in Kansas and Missouri. The company provides financial services primarily to businesses, business owners and individuals. It offers certificates of deposits, individual retirement and money market accounts, home equity lines of credit, credit cards, mortgages, treasury management, personal and business loans, investment services. Equity Bancshares, Inc. is headquartered in Wichita, Kansas. “

Several other equities analysts also recently issued reports on EQBK. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $45.00 price target on shares of Equity BancShares in a research note on Friday, December 22nd. BidaskClub raised shares of Equity BancShares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.00.

Equity BancShares (NASDAQ EQBK) opened at $35.33 on Tuesday. The stock has a market cap of $432.96 and a price-to-earnings ratio of 25.79. Equity BancShares has a 52 week low of $29.13 and a 52 week high of $36.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83.

In related news, Director Michael R. Downing sold 10,023 shares of Equity BancShares stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $35.00, for a total transaction of $350,805.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 14.90% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in EQBK. Commerce Bank boosted its holdings in Equity BancShares by 197.9% during the third quarter. Commerce Bank now owns 207,977 shares of the bank’s stock worth $7,400,000 after purchasing an additional 138,156 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Equity BancShares by 79.5% during the first quarter. Vanguard Group Inc. now owns 228,337 shares of the bank’s stock worth $7,254,000 after purchasing an additional 101,113 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Equity BancShares by 124.8% during the third quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock worth $4,254,000 after purchasing an additional 66,390 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Equity BancShares during the third quarter worth about $2,101,000. Finally, State Street Corp boosted its holdings in Equity BancShares by 60.1% during the second quarter. State Street Corp now owns 156,337 shares of the bank’s stock worth $4,790,000 after purchasing an additional 58,679 shares during the last quarter. Institutional investors and hedge funds own 61.82% of the company’s stock.

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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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