FY2025 EPS Forecast for Equity Bancshares Raised by Analyst

Equity Bancshares, Inc. (NASDAQ:EQBK) – Analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of Equity Bancshares in a research note issued to investors on Wednesday, September 3rd. DA Davidson analyst J. Rulis now anticipates that the bank will earn $4.00 per share for the year, up from their prior estimate of $3.90. DA Davidson currently has a “Neutral” rating and a $45.00 target price on the stock. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.72 per share.

Separately, Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.40.

Equity Bancshares Price Performance

EQBK opened at $42.24 on Thursday. The stock has a 50-day moving average price of $40.22 and a 200-day moving average price of $39.62. Equity Bancshares has a 12-month low of $34.11 and a 12-month high of $50.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $811.67 million, a P/E ratio of 10.61 and a beta of 0.83.

Institutional Investors Weigh In On Equity Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in shares of Equity Bancshares by 45.1% in the 4th quarter. Deutsche Bank AG now owns 9,141 shares of the bank’s stock valued at $388,000 after acquiring an additional 2,842 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Equity Bancshares by 81,650.0% in the 1st quarter. GAMMA Investing LLC now owns 3,270 shares of the bank’s stock valued at $129,000 after acquiring an additional 3,266 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Equity Bancshares in the 4th quarter valued at about $375,000. Jane Street Group LLC lifted its stake in shares of Equity Bancshares by 292.7% in the 4th quarter. Jane Street Group LLC now owns 36,757 shares of the bank’s stock valued at $1,559,000 after acquiring an additional 27,397 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Equity Bancshares by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 888,650 shares of the bank’s stock valued at $35,013,000 after acquiring an additional 47,716 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

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.