Brokerages Set Equity Bancshares, Inc. (NASDAQ:EQBK) PT at $47.80

Key Points

• Equity Bancshares, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with an average price target of $47.80.
• Recent institutional investments include substantial stakes by firms such as Bellwether Advisors and Tower Research Capital, bringing institutional ownership to 71.80%.
• The company's stock is currently trading at $40.51, with a market capitalization of approximately $778.43 million and a PE ratio of 10.18.

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $48.40.

EQBK has been the topic of a number of research reports. DA Davidson upped their target price on shares of Equity Bancshares from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on Equity Bancshares from $45.00 to $47.00 and gave the company a "market perform" rating in a research note on Thursday.

Equity Bancshares Trading Down 0.9%

Equity Bancshares stock traded down $0.40 during trading hours on Friday, reaching $42.42. 103,157 shares of the company's stock traded hands, compared to its average volume of 76,496. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current 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 firm has a market capitalization of $815.21 million, a price-to-earnings ratio of 10.66 and a beta of 0.83. The firm's 50 day moving average is $40.20 and its 200-day moving average is $39.63.

Institutional Trading of Equity Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its stake in shares of Equity Bancshares by 1.3% in 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 last quarter. FJ Capital Management LLC increased its stake in shares of Equity Bancshares by 7.0% in the 1st quarter. FJ Capital Management LLC now owns 1,206,571 shares of the bank's stock valued at $47,539,000 after acquiring an additional 79,195 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Equity Bancshares by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 888,650 shares of the bank's stock valued at $35,013,000 after acquiring an additional 47,716 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Equity Bancshares by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 676,587 shares of the bank's stock valued at $26,658,000 after acquiring an additional 99,357 shares during the last quarter. Finally, Mendon Capital Advisors Corp increased its stake in shares of Equity Bancshares by 0.5% in the 2nd quarter. Mendon Capital Advisors Corp now owns 398,844 shares of the bank's stock valued at $16,273,000 after acquiring an additional 1,867 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

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.