Equity Bancshares, Inc. (NASDAQ:EQBK) Receives $46.60 Average Target Price from Brokerages

Equity Bancshares, Inc. (NASDAQ:EQBK) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $46.60.

A number of brokerages recently commented on EQBK. Hovde Group upped their price target 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. Janney Montgomery Scott began coverage on Equity Bancshares in a report on Thursday, April 3rd. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods decreased their price objective on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Monday, April 7th. Piper Sandler cut their target price on Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, DA Davidson decreased their price target on Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th.

Institutional Trading of Equity Bancshares

Several institutional investors and hedge funds have recently modified their holdings of EQBK. T. Rowe Price Investment Management Inc. increased its position in shares of Equity Bancshares by 11.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,528,145 shares of the bank’s stock worth $64,824,000 after purchasing an additional 153,528 shares during the last quarter. Patriot Financial Partners GP LP grew its stake in Equity Bancshares by 21.5% in the 4th quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank’s stock worth $51,634,000 after buying an additional 215,000 shares in the last quarter. FJ Capital Management LLC increased its holdings in shares of Equity Bancshares by 9.8% in the 4th quarter. FJ Capital Management LLC now owns 1,127,376 shares of the bank’s stock worth $47,823,000 after buying an additional 100,219 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Equity Bancshares by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 840,934 shares of the bank’s stock valued at $35,672,000 after buying an additional 37,187 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Equity Bancshares by 740.0% during the 4th quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock worth $24,486,000 after acquiring an additional 508,509 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Equity Bancshares Price Performance

NASDAQ EQBK opened at $38.46 on Monday. 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 company has a market cap of $673.40 million, a PE ratio of 9.66 and a beta of 0.73. Equity Bancshares has a 52 week low of $31.75 and a 52 week high of $50.85. The firm’s 50-day simple moving average is $38.84 and its two-hundred day simple moving average is $42.46.

Equity Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, March 31st. Equity Bancshares’s payout ratio is 15.27%.

Equity Bancshares Company 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.