UMB Bank n.a. Sells 17,322 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

UMB Bank n.a. trimmed its holdings in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,830 shares of the bank's stock after selling 17,322 shares during the quarter. UMB Bank n.a. owned approximately 0.40% of Equity Bancshares worth $2,623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings 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 buying an additional 232 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Equity Bancshares during the third quarter valued at $203,000. SG Americas Securities LLC grew its stake in shares of Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank's stock worth $207,000 after buying an additional 2,150 shares in the last quarter. Triune Financial Partners LLC bought a new stake in shares of Equity Bancshares in the 3rd quarter worth about $268,000. Finally, PDT Partners LLC purchased a new position in Equity Bancshares in the third quarter worth about $282,000. Institutional investors own 71.80% of the company's stock.

Equity Bancshares Stock Performance

Shares of NASDAQ:EQBK opened at $43.15 on Tuesday. 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 $659.72 million, a PE ratio of 10.52 and a beta of 0.92. The firm's 50 day simple moving average is $44.98 and its 200-day simple moving average is $41.90. Equity Bancshares, Inc. has a one year low of $30.44 and a one year high of $50.85.

Equity Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. Equity Bancshares's dividend payout ratio is currently 54.55%.

Analyst Ratings Changes

A number of brokerages have recently commented on EQBK. Stephens upgraded Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 target price for the company in a report on Monday, October 14th. Keefe, Bruyette & Woods increased their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, DA Davidson upped their price target on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, October 17th.

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.