Connor Clark & Lunn Investment Management Ltd. Invests $698,000 in Equity Bancshares, Inc. (NASDAQ:EQBK)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,458 shares of the bank’s stock, valued at approximately $698,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of Equity Bancshares as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. R Squared Ltd acquired a new position in Equity Bancshares in the 4th quarter worth about $54,000. BNP Paribas Financial Markets increased its holdings in Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after purchasing an additional 232 shares in the last quarter. AlphaQuest LLC acquired a new position in Equity Bancshares in the 4th quarter worth about $160,000. SG Americas Securities LLC increased its holdings in Equity Bancshares by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after purchasing an additional 991 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in Equity Bancshares in the 3rd quarter worth about $282,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Trading Down 2.0 %

NASDAQ EQBK opened at $39.48 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 current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $42.35 and its two-hundred day moving average price is $43.01. The firm has a market capitalization of $691.27 million, a PE ratio of 9.92 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Hovde Group upped their target price on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Stephens lowered their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. DA Davidson reduced their price target on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Equity Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

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.