Equity Bancshares, Inc. (NASDAQ:EQBK) Receives $46.60 Average Target Price from Brokerages

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $46.60.

EQBK has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. Janney Montgomery Scott assumed coverage on shares of Equity Bancshares in a research report on Thursday, April 3rd. They issued a "neutral" rating for the company. DA Davidson lowered their target price on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Piper Sandler reduced their price target on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th.

Equity Bancshares Price Performance

NASDAQ EQBK traded up $0.33 on Tuesday, reaching $39.03. 35,119 shares of the company's stock traded hands, compared to its average volume of 58,643. The stock has a market cap of $683.52 million, a PE ratio of 9.80 and a beta of 0.78. The stock has a 50-day simple moving average of $38.85 and a 200 day simple moving average of $41.00. Equity Bancshares has a 12 month low of $32.85 and a 12 month 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.

Equity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Equity Bancshares's dividend payout ratio is currently 15.27%.

Insider Buying and Selling

In related news, COO Julie A. Huber sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total value of $156,400.00. Following the transaction, the chief operating officer now directly owns 57,688 shares of the company's stock, valued at approximately $2,255,600.80. This represents a 6.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Equity Bancshares

Several large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its stake 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 valued at $60,963,000 after acquiring an additional 19,139 shares during the period. Patriot Financial Partners GP LP raised its holdings in shares of Equity Bancshares by 21.5% during the fourth quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank's stock valued at $51,634,000 after purchasing an additional 215,000 shares during the last quarter. FJ Capital Management LLC raised its holdings in shares of Equity Bancshares by 7.0% during the first quarter. FJ Capital Management LLC now owns 1,206,571 shares of the bank's stock valued at $47,539,000 after purchasing an additional 79,195 shares during the last quarter. Vanguard Group Inc. lifted its position in Equity Bancshares by 5.7% during the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank's stock valued at $35,013,000 after purchasing an additional 47,716 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in 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 purchasing an additional 99,357 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors.

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.