Bank of New York Mellon Corp Has $2.66 Million Stock Holdings in Equity Bancshares, Inc. (NASDAQ:EQBK)

Bank of New York Mellon Corp decreased its position in Equity Bancshares, Inc. (NASDAQ:EQBK) by 7.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 62,648 shares of the bank’s stock after selling 5,389 shares during the quarter. Bank of New York Mellon Corp’s holdings in Equity Bancshares were worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQBK. R Squared Ltd acquired a new stake in shares of Equity Bancshares during the 4th quarter worth approximately $54,000. BNP Paribas Financial Markets grew its holdings in Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after acquiring an additional 232 shares during the period. SG Americas Securities LLC grew its holdings in Equity Bancshares by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after acquiring an additional 991 shares during the period. PDT Partners LLC bought a new stake in shares of Equity Bancshares during the 3rd quarter valued at $282,000. Finally, Sippican Capital Advisors lifted its stake in shares of Equity Bancshares by 7.9% in the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock valued at $809,000 after purchasing an additional 1,397 shares during the period. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on EQBK. Keefe, Bruyette & Woods raised their target price on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens cut their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Hovde Group boosted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, DA Davidson cut their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Equity Bancshares has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Equity Bancshares Stock Down 1.0 %

Shares of EQBK stock opened at $40.29 on Friday. Equity Bancshares, Inc. has a 12-month low of $30.44 and a 12-month high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $42.35 and a 200-day moving average of $43.01. The company has a market capitalization of $705.40 million, a price-to-earnings ratio of 10.12 and a beta of 0.94.

Equity Bancshares Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.