Equity Bancshares, Inc. (NASDAQ:EQBK) Receives $48.00 Consensus Price Target from Analysts

Equity Bancshares, Inc. (NASDAQ:EQBK) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $47.20.

Several analysts recently issued reports on the company. Hovde Group increased their price objective on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price target on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Monday. Janney Montgomery Scott assumed coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating for the company. DA Davidson cut their price objective on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Finally, Stephens dropped their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th.

Institutional Trading of Equity Bancshares

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

Equity Bancshares Stock Down 1.3 %

EQBK stock opened at $35.41 on Thursday. The company has a 50 day moving average of $41.45 and a two-hundred day moving average of $42.95. The company has a market cap of $619.91 million, a price-to-earnings ratio of 8.90 and a beta of 0.73. Equity Bancshares has a 12-month low of $30.98 and a 12-month high of $50.85. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, March 31st. Equity Bancshares’s payout ratio is presently 15.08%.

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.