Short Interest in Equity BancShares Inc (NASDAQ:EQBK) Declines By 9.5%

Equity BancShares Inc (NASDAQ:EQBK) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 268,700 shares, a drop of 9.5% from the January 15th total of 297,000 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 39,700 shares, the short-interest ratio is currently 6.8 days.

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut Equity BancShares from an “outperform” rating to a “market perform” rating in a report on Friday, January 3rd. Zacks Investment Research cut Equity BancShares from a “hold” rating to a “sell” rating in a research note on Monday, January 13th. ValuEngine upgraded shares of Equity BancShares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. BidaskClub raised shares of Equity BancShares from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, TheStreet cut shares of Equity BancShares from a “b-” rating to a “c+” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.00.

Shares of NASDAQ EQBK remained flat at $$28.34 during midday trading on Friday. 36,129 shares of the stock were exchanged. Equity BancShares has a 52 week low of $22.75 and a 52 week high of $34.40. The business’s 50 day moving average is $28.58 and its 200-day moving average is $27.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Equity BancShares by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 73,998 shares of the bank’s stock worth $2,284,000 after buying an additional 2,483 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Equity BancShares by 26.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 44,011 shares of the bank’s stock worth $1,358,000 after acquiring an additional 9,166 shares in the last quarter. UBS Group AG lifted its holdings in Equity BancShares by 23.2% during the fourth quarter. UBS Group AG now owns 15,311 shares of the bank’s stock worth $473,000 after acquiring an additional 2,888 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Equity BancShares by 44.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 231,840 shares of the bank’s stock worth $7,157,000 after acquiring an additional 71,890 shares in the last quarter. Finally, Credit Suisse AG grew its stake in Equity BancShares by 12.4% in the fourth quarter. Credit Suisse AG now owns 9,713 shares of the bank’s stock valued at $300,000 after acquiring an additional 1,071 shares during the period. Institutional investors and hedge funds own 68.89% of the company’s stock.

About Equity BancShares

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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