Equity Bancshares (NASDAQ:EQBK) Price Target Lowered to $39.00 at DA Davidson

Equity Bancshares (NASDAQ:EQBK - Get Free Report) had its price objective dropped by DA Davidson from $40.00 to $39.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. DA Davidson's price objective indicates a potential upside of 3.13% from the stock's current price. DA Davidson also issued estimates for Equity Bancshares' Q2 2025 earnings at $0.92 EPS, FY2025 earnings at $3.80 EPS and FY2026 earnings at $4.50 EPS.

A number of other analysts have also issued reports on the company. Piper Sandler reduced their target price on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Stephens dropped their target price on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Janney Montgomery Scott started coverage on shares of Equity Bancshares in a research note on Thursday, April 3rd. They issued a "neutral" rating on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. Finally, Hovde Group lifted their price objective on Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Equity Bancshares presently has an average rating of "Moderate Buy" and an average target price of $46.60.

Equity Bancshares Trading Up 3.0 %

Shares of EQBK traded up $1.11 during midday trading on Thursday, hitting $37.82. The stock had a trading volume of 62,608 shares, compared to its average volume of 56,287. The business has a 50-day simple moving average of $39.55 and a two-hundred day simple moving average of $42.57. The firm has a market cap of $662.16 million, a P/E ratio of 9.50 and a beta of 0.73. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a fifty-two week low of $31.75 and a fifty-two week high of $50.85.

Hedge Funds Weigh In On Equity Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQBK. Barclays PLC raised its holdings in Equity Bancshares by 247.2% in the 3rd quarter. Barclays PLC now owns 23,308 shares of the bank's stock worth $953,000 after acquiring an additional 16,595 shares during the period. JPMorgan Chase & Co. boosted its stake in Equity Bancshares by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank's stock valued at $14,735,000 after purchasing an additional 17,431 shares during the period. BNP Paribas Financial Markets grew its holdings 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 buying an additional 232 shares during the last quarter. State Street Corp increased its position in Equity Bancshares by 2.6% in the 3rd quarter. State Street Corp now owns 314,889 shares of the bank's stock worth $12,919,000 after buying an additional 8,103 shares during the period. Finally, Endeavour Capital Advisors Inc. acquired a new position in shares of Equity Bancshares during the fourth quarter worth approximately $1,374,000. Institutional investors and hedge funds own 71.80% of the company's stock.

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.