Curi RMB Capital LLC Acquires 41,096 Shares of Equity Bancshares, Inc. (NASDAQ:EQBK)

Curi RMB Capital LLC increased its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 13.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 353,186 shares of the bank’s stock after acquiring an additional 41,096 shares during the period. Curi RMB Capital LLC’s holdings in Equity Bancshares were worth $14,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQBK. Invesco Ltd. boosted its holdings in shares of Equity Bancshares by 1.5% in the 4th quarter. Invesco Ltd. now owns 26,266 shares of the bank’s stock worth $1,114,000 after acquiring an additional 387 shares in the last quarter. Legal & General Group Plc lifted its position in Equity Bancshares by 3.0% during the 4th quarter. Legal & General Group Plc now owns 14,033 shares of the bank’s stock worth $595,000 after buying an additional 414 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Equity Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank’s stock worth $4,794,000 after acquiring an additional 721 shares during the last quarter. SG Americas Securities LLC increased its position in Equity Bancshares by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock valued at $256,000 after acquiring an additional 991 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Equity Bancshares during the fourth quarter worth approximately $54,000. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Trading Down 0.1 %

Shares of NASDAQ:EQBK opened at $36.38 on Friday. The stock has a market cap of $636.99 million, a PE ratio of 9.14 and a beta of 0.73. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares, Inc. has a 12-month low of $30.98 and a 12-month high of $50.85. The business has a 50 day moving average of $39.85 and a 200-day moving average of $42.56.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, March 31st. Equity Bancshares’s payout ratio is presently 15.27%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Janney Montgomery Scott initiated coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They issued a “neutral” rating for the company. Piper Sandler lowered their price objective on Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday. Stephens cut their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Hovde Group raised their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, 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 report on Monday, April 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy” and an average target price of $46.60.

About Equity Bancshares

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.