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

Curi RMB Capital LLC increased its position in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 353,186 shares of the bank's stock after purchasing an additional 41,096 shares during the quarter. Curi RMB Capital LLC owned approximately 2.31% of Equity Bancshares worth $14,982,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EQBK. Barclays PLC raised its holdings in shares of Equity Bancshares by 13.2% in the 4th quarter. Barclays PLC now owns 26,383 shares of the bank's stock valued at $1,119,000 after purchasing an additional 3,075 shares in the last quarter. Kennedy Capital Management LLC bought a new position in Equity Bancshares in the fourth quarter worth approximately $3,593,000. Raymond James Financial Inc. purchased a new stake in Equity Bancshares during the fourth quarter worth $703,000. ELCO Management Co. LLC boosted its position in Equity Bancshares by 202.8% during the 4th quarter. ELCO Management Co. LLC now owns 30,279 shares of the bank's stock valued at $1,284,000 after acquiring an additional 20,279 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Equity Bancshares by 3.0% in the 4th quarter. Legal & General Group Plc now owns 14,033 shares of the bank's stock valued at $595,000 after acquiring an additional 414 shares during the period. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

Equity Bancshares Stock Performance

Shares of NASDAQ EQBK traded up $0.64 during mid-day trading on Wednesday, hitting $38.43. The stock had a trading volume of 77,309 shares, compared to its average volume of 56,341. The company has a 50 day moving average of $39.44 and a two-hundred day moving average of $42.54. Equity Bancshares, Inc. has a twelve month low of $31.75 and a twelve month high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $672.82 million, a PE ratio of 9.66 and a beta of 0.73.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, March 31st. Equity Bancshares's dividend payout ratio (DPR) is 15.27%.

Analyst Ratings Changes

EQBK has been the subject of a number of analyst reports. Piper Sandler decreased their price objective on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research report on Monday, April 7th. DA Davidson cut their price objective on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Hovde Group boosted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Finally, Janney Montgomery Scott started coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.60.

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.