DA Davidson Boosts Equity Bancshares (NASDAQ:EQBK) Price Target to $45.00

Key Points

• DA Davidson has raised its target price for Equity Bancshares (NASDAQ:EQBK) from $44.00 to $45.00, indicating a potential upside of 7.41% from its previous close, while maintaining a "neutral" rating.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging $48.00.
• Institutional investors control approximately 71.80% of Equity Bancshares' stock, with recent activities including significant increases in positions by several firms.

Equity Bancshares (NASDAQ:EQBK - Get Free Report) had its price objective lifted by DA Davidson from $44.00 to $45.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. DA Davidson's target price suggests a potential upside of 5.67% from the company's current price. DA Davidson also issued estimates for Equity Bancshares' FY2025 earnings at $4.00 EPS and FY2026 earnings at $5.00 EPS.

Separately, Keefe, Bruyette & Woods increased their price objective on Equity Bancshares from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Equity Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.40.

Equity Bancshares Stock Performance

NASDAQ EQBK traded up $0.39 on Wednesday, hitting $42.59. 88,411 shares of the stock traded hands, compared to its average volume of 76,599. The business's fifty day moving average is $40.22 and its two-hundred day moving average is $39.56. Equity Bancshares has a 12 month low of $34.11 and a 12 month high of $50.85. The firm has a market capitalization of $818.40 million, a price-to-earnings ratio of 10.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Trading of Equity Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in Equity Bancshares by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,547,284 shares of the bank's stock worth $60,963,000 after acquiring an additional 19,139 shares during the period. FJ Capital Management LLC raised its position in shares of Equity Bancshares by 7.0% in the first quarter. FJ Capital Management LLC now owns 1,206,571 shares of the bank's stock worth $47,539,000 after buying an additional 79,195 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Equity Bancshares by 5.7% in the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank's stock worth $35,013,000 after buying an additional 47,716 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Equity Bancshares by 17.2% in the first quarter. Wellington Management Group LLP now owns 676,587 shares of the bank's stock worth $26,658,000 after buying an additional 99,357 shares in the last quarter. Finally, Mendon Capital Advisors Corp raised its position in shares of Equity Bancshares by 0.5% in the second quarter. Mendon Capital Advisors Corp now owns 398,844 shares of the bank's stock worth $16,273,000 after buying an additional 1,867 shares in 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.