Curi RMB Capital LLC Grows Stock Position in Equity Bancshares, Inc. (NASDAQ:EQBK)

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

A number of other large investors also recently modified their holdings of the stock. R Squared Ltd purchased a new position in Equity Bancshares in the 4th quarter worth approximately $54,000. Quantbot Technologies LP increased its position in shares of Equity Bancshares by 139.9% in the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock valued at $116,000 after acquiring an additional 1,589 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Equity Bancshares in the 4th quarter worth approximately $119,000. AlphaQuest LLC purchased a new position in Equity Bancshares during the 4th quarter valued at $160,000. Finally, EntryPoint Capital LLC bought a new position in Equity Bancshares in the fourth quarter worth about $252,000. Institutional investors own 71.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQBK. Piper Sandler cut their price target on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Hovde Group boosted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their target price on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Stephens cut their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Janney Montgomery Scott started coverage on Equity Bancshares in a research report on Thursday, April 3rd. They issued a "neutral" rating for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.60.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK traded up $0.04 during midday trading on Thursday, hitting $38.43. The stock had a trading volume of 13,501 shares, compared to its average volume of 75,260. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $39.34 and a 200-day simple moving average of $42.51. The company has a market capitalization of $672.89 million, a PE ratio of 9.64 and a beta of 0.73. Equity Bancshares, Inc. has a 1 year low of $31.75 and a 1 year high of $50.85.

Equity Bancshares Announces Dividend

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

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.