DA Davidson Expects Higher Earnings for Equity Bancshares

Equity Bancshares, Inc. (NASDAQ:EQBK) – Analysts at DA Davidson increased their FY2026 earnings per share estimates for Equity Bancshares in a note issued to investors on Wednesday, July 16th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $4.50 per share for the year, up from their previous estimate of $4.45. DA Davidson currently has a “Neutral” rating and a $44.00 price target on the stock. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.72 per share.

Several other equities research analysts have also recently weighed in on the company. Janney Montgomery Scott assumed coverage on Equity Bancshares in a research note on Thursday, April 3rd. They set a “neutral” rating for the company. Keefe, Bruyette & Woods upped their target price on Equity Bancshares from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Equity Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

Equity Bancshares Stock Down 1.4%

NASDAQ EQBK opened at $39.79 on Friday. The business has a fifty day moving average price of $40.43 and a two-hundred day moving average price of $40.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares has a fifty-two week low of $32.95 and a fifty-two week high of $50.85. The stock has a market capitalization of $696.96 million, a PE ratio of 10.00 and a beta of 0.78.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Equity Bancshares’s dividend payout ratio (DPR) is presently 14.89%.

Insider Activity

In other news, COO Julie A. Huber sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total transaction of $156,400.00. Following the completion of the transaction, the chief operating officer directly owned 57,688 shares in the company, valued at approximately $2,255,600.80. This represents a 6.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EQBK. Charles Schwab Investment Management Inc. increased its holdings in Equity Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank’s stock valued at $4,794,000 after purchasing an additional 721 shares during the period. Raymond James Financial Inc. acquired a new stake in Equity Bancshares in the fourth quarter valued at $703,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Equity Bancshares in the fourth quarter valued at $698,000. Swiss National Bank increased its holdings in Equity Bancshares by 11.9% in the fourth quarter. Swiss National Bank now owns 30,081 shares of the bank’s stock valued at $1,276,000 after purchasing an additional 3,200 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Equity Bancshares in the fourth quarter valued at $259,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.