Equity Bancshares, Inc. (NASDAQ:EQBK) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its stake in shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,090 shares of the bank's stock after selling 37,910 shares during the quarter. Curi RMB Capital LLC owned about 2.04% of Equity Bancshares worth $12,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Equity Bancshares by 97.0% during the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank's stock valued at $247,000 after acquiring an additional 3,541 shares in the last quarter. Foundry Partners LLC purchased a new stake in Equity Bancshares during the first quarter valued at approximately $364,000. Vanguard Group Inc. lifted its stake in shares of Equity Bancshares by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 754,069 shares of the bank's stock valued at $25,917,000 after purchasing an additional 10,868 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Equity Bancshares in the 1st quarter worth approximately $42,000. Finally, Bank of New York Mellon Corp increased its position in shares of Equity Bancshares by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,831 shares of the bank's stock valued at $2,810,000 after purchasing an additional 3,838 shares during the last quarter. Institutional investors own 71.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQBK. Keefe, Bruyette & Woods upped their price target on shares of Equity Bancshares from $38.00 to $41.00 and gave the company a "market perform" rating in a report on Thursday, July 18th. Stephens raised shares of Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 price objective for the company in a research report on Monday, October 14th. Finally, DA Davidson raised their target price on shares of Equity Bancshares from $42.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th.

Equity Bancshares Stock Up 0.7 %

Shares of EQBK stock traded up $0.35 on Thursday, hitting $47.41. The stock had a trading volume of 43,185 shares, compared to its average volume of 47,729. Equity Bancshares, Inc. has a one year low of $24.92 and a one year high of $48.61. The business has a 50 day moving average price of $41.92 and a 200 day moving average price of $38.13. The company has a market cap of $723.48 million, a PE ratio of 42.81 and a beta of 0.89. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) last posted its earnings results on Tuesday, October 15th. The bank reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.32. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. The business had revenue of $55.35 million for the quarter, compared to the consensus estimate of $55.77 million. Research analysts anticipate that Equity Bancshares, Inc. will post 4.27 earnings per share for the current fiscal year.

Equity Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.15 dividend. This is an increase from Equity Bancshares's previous quarterly dividend of $0.12. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. Equity Bancshares's payout ratio is 54.55%.

Insiders Place Their Bets

In other news, CEO Brad S. Elliott sold 2,300 shares of Equity Bancshares stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $42.64, for a total value of $98,072.00. Following the transaction, the chief executive officer now owns 151,979 shares of the company's stock, valued at $6,480,384.56. The trade was a 1.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon Borck acquired 1,467 shares of Equity Bancshares stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of $38.77 per share, with a total value of $56,875.59. Following the purchase, the director now owns 11,941 shares in the company, valued at $462,952.57. This represents a 14.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.00% of the stock is owned by company insiders.

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.