Equity Bancshares (NASDAQ:EQBK) Price Target Raised to $52.00

Equity Bancshares (NASDAQ:EQBK) had its price target upped by DA Davidson from $50.00 to $52.00 in a report released on Friday morning, MarketBeat reports. The firm currently has a neutral rating on the bank’s stock.

Several other research analysts have also weighed in on the company. Piper Sandler boosted their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods raised their target price on shares of Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.67.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK opened at $45.16 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50-day moving average of $45.25 and a 200-day moving average of $42.17. The stock has a market capitalization of $861.53 million, a price-to-earnings ratio of 11.35 and a beta of 0.87. Equity Bancshares has a fifty-two week low of $34.11 and a fifty-two week high of $50.07.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Equity Bancshares’s payout ratio is 54.96%.

Hedge Funds Weigh In On Equity Bancshares

Large investors have recently modified their holdings of the stock. Patriot Financial Partners GP II L.P. bought a new stake in shares of Equity Bancshares during the 3rd quarter worth about $49,541,000. CSM Advisors LLC acquired a new stake in Equity Bancshares during the second quarter worth approximately $4,713,000. Kennedy Capital Management LLC boosted its holdings in shares of Equity Bancshares by 96.2% during the second quarter. Kennedy Capital Management LLC now owns 213,333 shares of the bank’s stock worth $8,704,000 after acquiring an additional 104,613 shares during the period. FJ Capital Management LLC grew its position in shares of Equity Bancshares by 8.6% in the third quarter. FJ Capital Management LLC now owns 1,222,791 shares of the bank’s stock valued at $49,768,000 after purchasing an additional 96,695 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Equity Bancshares by 110.7% in the second quarter. American Century Companies Inc. now owns 144,982 shares of the bank’s stock valued at $5,915,000 after purchasing an additional 76,167 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.