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

Curi RMB Capital LLC decreased its holdings in shares of Equity Bancshares, Inc. (NASDAQ:EQBK) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,090 shares of the bank’s stock after selling 37,910 shares during the quarter. Curi RMB Capital LLC’s holdings in Equity Bancshares were worth $12,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in Equity Bancshares during the 1st quarter worth $42,000. Foundations Investment Advisors LLC acquired a new stake in shares of Equity Bancshares during the third quarter worth about $203,000. SG Americas Securities LLC lifted its holdings 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 valued at $207,000 after purchasing an additional 2,150 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Equity Bancshares by 97.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock valued at $247,000 after purchasing an additional 3,541 shares during the period. Finally, Triune Financial Partners LLC acquired a new stake in shares of Equity Bancshares in the 3rd quarter valued at about $268,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Insider Buying and Selling at Equity Bancshares

In other Equity Bancshares news, Director Leon Borck bought 1,467 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the completion of the transaction, the director now owns 11,941 shares in the company, valued at approximately $462,952.57. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Leon Borck purchased 1,467 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $38.77 per share, with a total value of $56,875.59. Following the completion of the transaction, the director now owns 11,941 shares of the company’s stock, valued at approximately $462,952.57. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad S. Elliott sold 2,300 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 151,979 shares in the company, valued at $6,480,384.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EQBK has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Equity Bancshares from $38.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, July 18th. Stephens upgraded Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target on the stock in a research report on Monday, October 14th. Finally, DA Davidson increased their price objective on 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 Price Performance

Shares of NASDAQ EQBK opened at $47.09 on Thursday. The company’s fifty day moving average is $41.92 and its two-hundred day moving average is $38.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 0.86. The firm has a market capitalization of $718.59 million, a P/E ratio of 42.81 and a beta of 0.89. Equity Bancshares, Inc. has a one year low of $24.92 and a one year high of $48.61.

Equity Bancshares (NASDAQ:EQBK) last issued its earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.32. The company had revenue of $55.35 million during the quarter, compared to analysts’ expectations of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. Analysts forecast that Equity Bancshares, Inc. will post 4.27 EPS for the current fiscal year.

Equity Bancshares Increases Dividend

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

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.