DA Davidson Issues Positive Forecast for Equity Bancshares (NASDAQ:EQBK) Stock Price

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 target price lifted by DA Davidson from $44.00 to $45.00 in a research note issued to investors 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 7.41% from the stock's previous close.

Separately, Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating and three have given a Hold 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 $48.00.

Equity Bancshares Price Performance

Shares of EQBK traded up $1.65 on Wednesday, hitting $41.90. The company's stock had a trading volume of 67,998 shares, compared to its average volume of 75,494. The company has a market capitalization of $805.14 million, a PE ratio of 10.51 and a beta of 0.83. 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 $34.11 and a fifty-two week high of $50.85. The company has a 50 day moving average price of $40.11 and a 200 day moving average price of $39.62.

Institutional Trading of Equity Bancshares

Large investors have recently made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in shares of Equity Bancshares in the 1st quarter valued at $39,000. State of Wyoming bought a new stake in shares of Equity Bancshares in the 2nd quarter valued at $59,000. Tower Research Capital LLC TRC increased its position in shares of Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank's stock valued at $79,000 after buying an additional 1,347 shares in the last quarter. CWM LLC increased its position in shares of Equity Bancshares by 311.5% in the 1st quarter. CWM LLC now owns 2,041 shares of the bank's stock valued at $80,000 after buying an additional 1,545 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Equity Bancshares by 33.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank's stock valued at $89,000 after buying an additional 547 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.

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