Equity Bancshares (NASDAQ:EQBK) Now Covered by Analysts at Janney Montgomery Scott

Janney Montgomery Scott started coverage on shares of Equity Bancshares (NASDAQ:EQBK) in a report published on Thursday morning, Marketbeat Ratings reports. The firm issued a neutral rating on the bank’s stock.

EQBK has been the topic of a number of other research reports. DA Davidson decreased their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group boosted their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Stephens decreased their price objective on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Trading Down 2.4 %

Equity Bancshares stock opened at $35.89 on Thursday. The firm has a 50-day moving average of $41.63 and a 200-day moving average of $42.99. Equity Bancshares has a one year low of $30.98 and a one year high of $50.85. 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 company has a market cap of $628.31 million, a price-to-earnings ratio of 9.02 and a beta of 0.73.

Equity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Hedge Funds Weigh In On Equity Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in Equity Bancshares during the fourth quarter valued at $54,000. Aquatic Capital Management LLC bought a new position in shares of Equity Bancshares during the 4th quarter worth $98,000. Quantbot Technologies LP grew its stake in shares of Equity Bancshares by 139.9% during the 4th quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock worth $116,000 after acquiring an additional 1,589 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Equity Bancshares in the 4th quarter worth about $119,000. Finally, BNP Paribas Financial Markets raised its stake in Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after acquiring an additional 232 shares during the period. 71.80% of the stock is owned by hedge funds and other institutional investors.

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.