Equity BancShares Inc (EQBK) Stake Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Equity BancShares Inc (NASDAQ:EQBK) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,738 shares of the bank’s stock after buying an additional 4,509 shares during the period. Bank of New York Mellon Corp’s holdings in Equity BancShares were worth $1,485,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Equity BancShares by 1.8% during the second quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock worth $177,000 after acquiring an additional 103 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Equity BancShares by 53.4% during the second quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock worth $195,000 after acquiring an additional 2,218 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Equity BancShares during the second quarter worth $118,000. New York State Common Retirement Fund raised its holdings in shares of Equity BancShares by 65.2% during the second quarter. New York State Common Retirement Fund now owns 11,400 shares of the bank’s stock worth $349,000 after acquiring an additional 4,499 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Equity BancShares by 36.0% during the second quarter. California State Teachers Retirement System now owns 18,879 shares of the bank’s stock worth $578,000 after acquiring an additional 5,000 shares in the last quarter. 51.78% of the stock is owned by institutional investors and hedge funds.

In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $35.00, for a total transaction of $350,805.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.90% of the stock is owned by company insiders.

Shares of Equity BancShares Inc (NASDAQ EQBK) opened at $35.68 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 $36.99. The stock has a market capitalization of $435.04 and a price-to-earnings ratio of 26.04.

Several analysts recently issued reports on EQBK shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price objective on shares of Equity BancShares in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Equity BancShares from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, BidaskClub lowered Equity BancShares from a “buy” rating to a “hold” rating in a report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.00.

COPYRIGHT VIOLATION NOTICE: This report was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.themarketsdaily.com/2018/01/11/equity-bancshares-inc-eqbk-stake-increased-by-bank-of-new-york-mellon-corp.html.

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.

Want to see what other hedge funds are holding EQBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity BancShares Inc (NASDAQ:EQBK).

Institutional Ownership by Quarter for Equity BancShares (NASDAQ:EQBK)

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.

Latest News

Leave a Reply