Renaissance Technologies LLC Has $8.50 Million Stock Position in Equity BancShares Inc (NASDAQ:EQBK)

Renaissance Technologies LLC lowered its stake in Equity BancShares Inc (NASDAQ:EQBK) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 318,800 shares of the bank’s stock after selling 35,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Equity BancShares were worth $8,499,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Equity BancShares by 27.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,151 shares of the bank’s stock valued at $111,000 after purchasing an additional 889 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Equity BancShares during the 1st quarter worth $26,000. Bank of Montreal Can acquired a new stake in Equity BancShares during the 2nd quarter worth $34,000. TD Asset Management Inc. raised its stake in Equity BancShares by 7.4% during the 2nd quarter. TD Asset Management Inc. now owns 23,200 shares of the bank’s stock worth $619,000 after buying an additional 1,600 shares during the period. Finally, Swiss National Bank raised its stake in Equity BancShares by 8.1% during the 2nd quarter. Swiss National Bank now owns 27,932 shares of the bank’s stock worth $745,000 after buying an additional 2,100 shares during the period. 69.42% of the stock is currently owned by institutional investors.

Several analysts recently commented on EQBK shares. BidaskClub raised Equity BancShares from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. Zacks Investment Research raised Equity BancShares from a “sell” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Equity BancShares has an average rating of “Hold” and a consensus price target of $44.00.

Equity BancShares stock traded down $0.19 during mid-day trading on Tuesday, hitting $27.53. 8,607 shares of the company’s stock were exchanged, compared to its average volume of 60,744. The firm has a market capitalization of $427.36 million, a P/E ratio of 10.43, a PEG ratio of 1.20 and a beta of 0.47. Equity BancShares Inc has a fifty-two week low of $22.75 and a fifty-two week high of $41.18. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.04. The company’s 50 day simple moving average is $26.00 and its 200-day simple moving average is $26.97.

Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $37.38 million. Equity BancShares had a return on equity of 8.63% and a net margin of 12.75%. Research analysts expect that Equity BancShares Inc will post 2.29 EPS for the current year.

Equity BancShares Profile

Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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

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