Forest Hill Capital LLC increased its holdings in shares of Equity BancShares Inc (NASDAQ:EQBK) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,692 shares of the bank’s stock after purchasing an additional 2,000 shares during the period. Equity BancShares makes up 3.2% of Forest Hill Capital LLC’s portfolio, making the stock its 14th biggest position. Forest Hill Capital LLC owned approximately 2.20% of Equity BancShares worth $11,391,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Commerce Bank lifted its stake in Equity BancShares by 197.9% in the 3rd quarter. Commerce Bank now owns 207,977 shares of the bank’s stock valued at $7,400,000 after acquiring an additional 138,156 shares in the last quarter. State of Wisconsin Investment Board bought a new stake in Equity BancShares in the 4th quarter valued at approximately $2,125,000. Citadel Advisors LLC lifted its stake in Equity BancShares by 144.7% in the 3rd 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. GSA Capital Partners LLP bought a new stake in Equity BancShares in the 3rd quarter valued at approximately $278,000. Finally, Northern Trust Corp lifted its stake in Equity BancShares by 73.8% in the 2nd quarter. Northern Trust Corp now owns 114,210 shares of the bank’s stock valued at $3,499,000 after acquiring an additional 48,501 shares in the last quarter. Institutional investors and hedge funds own 59.47% of the company’s stock.
Several equities research analysts have commented on the company. TheStreet upgraded Equity BancShares from a “c” rating to a “b” rating in a research note on Wednesday, February 28th. Zacks Investment Research cut Equity BancShares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $45.00 target price on shares of Equity BancShares in a research note on Friday, December 22nd. Finally, BidaskClub upgraded Equity BancShares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Equity BancShares currently has a consensus rating of “Hold” and an average price target of $34.75.
Equity BancShares (NASDAQ:EQBK) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.55 earnings per share for the quarter. The firm had revenue of $28.69 million for the quarter. Equity BancShares had a return on equity of 8.87% and a net margin of 17.48%. sell-side analysts forecast that Equity BancShares Inc will post 2.69 earnings per share for the current fiscal year.
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).
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.