Patriot Financial Partners GP LP Has $51.63 Million Stake in Equity Bancshares, Inc. (NASDAQ:EQBK)

Patriot Financial Partners GP LP increased its stake in Equity Bancshares, Inc. (NASDAQ:EQBK) by 21.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,217,214 shares of the bank’s stock after purchasing an additional 215,000 shares during the period. Equity Bancshares makes up about 16.9% of Patriot Financial Partners GP LP’s portfolio, making the stock its 3rd biggest position. Patriot Financial Partners GP LP owned about 0.08% of Equity Bancshares worth $51,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQBK. Empowered Funds LLC lifted its stake in shares of Equity Bancshares by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 74,396 shares of the bank’s stock valued at $3,041,000 after acquiring an additional 3,752 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Equity Bancshares by 14.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,210 shares of the bank’s stock valued at $989,000 after purchasing an additional 3,067 shares during the last quarter. Foundry Partners LLC raised its position in Equity Bancshares by 13.8% during the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after purchasing an additional 14,540 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Equity Bancshares by 175.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock valued at $4,590,000 after purchasing an additional 71,547 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Stock Up 2.2 %

Shares of NASDAQ:EQBK opened at $39.89 on Friday. Equity Bancshares, Inc. has a 52-week low of $30.44 and a 52-week high of $50.85. The firm has a market capitalization of $609.90 million, a P/E ratio of 10.02 and a beta of 0.94. The stock has a 50 day moving average price of $42.48 and a 200-day moving average price of $43.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQBK. Stephens lowered their price target on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group upped their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, DA Davidson decreased their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.00.

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.