Brokerages Set Equity Bancshares, Inc. (NASDAQ:EQBK) Price Target at $46.60

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $46.60.

A number of equities research analysts have commented on EQBK shares. DA Davidson reduced their target price on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price objective 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. Piper Sandler reduced their price target on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Janney Montgomery Scott began coverage on Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating for the company.

Insider Buying and Selling at Equity Bancshares

In other news, COO Julie A. Huber sold 4,000 shares of Equity Bancshares stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total transaction of $156,400.00. Following the completion of the sale, the chief operating officer now directly owns 57,688 shares of the company's stock, valued at approximately $2,255,600.80. The trade was a 6.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company's stock.

Institutional Trading of Equity Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bellwether Advisors LLC purchased a new position in shares of Equity Bancshares in the 1st quarter valued at about $39,000. R Squared Ltd acquired a new position in Equity Bancshares in the fourth quarter valued at approximately $54,000. CWM LLC boosted its holdings in Equity Bancshares by 311.5% in the first quarter. CWM LLC now owns 2,041 shares of the bank's stock valued at $80,000 after purchasing an additional 1,545 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Equity Bancshares in the fourth quarter valued at approximately $98,000. Finally, Quantbot Technologies LP raised its holdings in Equity Bancshares by 139.9% during the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock worth $116,000 after purchasing an additional 1,589 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Equity Bancshares Trading Down 1.8%

EQBK traded down $0.72 during trading hours on Friday, reaching $38.76. The company's stock had a trading volume of 42,210 shares, compared to its average volume of 57,356. The stock has a market cap of $678.81 million, a PE ratio of 9.74 and a beta of 0.75. Equity Bancshares has a fifty-two week low of $31.75 and a fifty-two week 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 business's 50-day moving average is $38.47 and its 200-day moving average is $41.95.

Equity Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, June 30th. Equity Bancshares's dividend payout ratio (DPR) is presently 15.27%.

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.