Dynamic Technology Lab Private Ltd Makes New Investment in Equity Bancshares, Inc. $EQBK

Dynamic Technology Lab Private Ltd acquired a new stake in Equity Bancshares, Inc. (NASDAQ:EQBK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,029 shares of the bank’s stock, valued at approximately $553,000. Dynamic Technology Lab Private Ltd owned 0.08% of Equity Bancshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQBK. Wellington Management Group LLP increased its holdings in shares of Equity Bancshares by 740.0% during the 4th quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock worth $24,486,000 after acquiring an additional 508,509 shares during the last quarter. FJ Capital Management LLC boosted its position in Equity Bancshares by 7.0% during the first quarter. FJ Capital Management LLC now owns 1,206,571 shares of the bank’s stock worth $47,539,000 after purchasing an additional 79,195 shares during the period. Invesco Ltd. increased its holdings in shares of Equity Bancshares by 238.3% in the first quarter. Invesco Ltd. now owns 88,849 shares of the bank’s stock valued at $3,501,000 after purchasing an additional 62,583 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Equity Bancshares by 5.7% in the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank’s stock valued at $35,013,000 after purchasing an additional 47,716 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Equity Bancshares during the 1st quarter worth about $1,585,000. 71.80% of the stock is currently owned by institutional investors.

Equity Bancshares Price Performance

Shares of Equity Bancshares stock opened at $42.06 on Thursday. Equity Bancshares, Inc. has a twelve month low of $34.11 and a twelve 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 company has a 50-day simple moving average of $40.24 and a two-hundred day simple moving average of $39.59. The stock has a market capitalization of $808.33 million, a price-to-earnings ratio of 10.57 and a beta of 0.83.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Equity Bancshares from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Thursday, September 4th. DA Davidson upped their target price on Equity Bancshares from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.40.

Equity Bancshares Company 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.