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

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $46.60.

EQBK has been the topic of several research analyst reports. Janney Montgomery Scott began coverage on Equity Bancshares in a report on Thursday, April 3rd. They issued a "neutral" rating on the stock. DA Davidson reduced their price target on shares of 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 dropped their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a report on Monday, April 7th. Piper Sandler cut their target price 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, Hovde Group raised their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd.

Equity Bancshares Trading Up 1.5 %

NASDAQ EQBK traded up $0.58 on Monday, reaching $39.23. The stock had a trading volume of 8,600 shares, compared to its average volume of 56,356. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $38.76 and a two-hundred day moving average price of $42.44. Equity Bancshares has a 12-month low of $31.75 and a 12-month high of $50.85. The firm has a market capitalization of $686.88 million, a price-to-earnings ratio of 9.85 and a beta of 0.73.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, March 31st. Equity Bancshares's dividend payout ratio is presently 15.27%.

Institutional Trading of Equity Bancshares

Several institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in shares of Equity Bancshares by 247.2% in the 3rd quarter. Barclays PLC now owns 23,308 shares of the bank's stock valued at $953,000 after acquiring an additional 16,595 shares during the period. JPMorgan Chase & Co. boosted its holdings in Equity Bancshares by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank's stock worth $14,735,000 after buying an additional 17,431 shares in the last quarter. SG Americas Securities LLC grew its position in Equity Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 6,043 shares of the bank's stock worth $256,000 after buying an additional 991 shares during the period. R Squared Ltd purchased a new position in Equity Bancshares in the fourth quarter valued at about $54,000. Finally, Sippican Capital Advisors lifted its position in shares of Equity Bancshares by 7.9% during the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank's stock valued at $809,000 after acquiring an additional 1,397 shares during the period. Hedge funds and other 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.