Equity Bancshares (NASDAQ:EQBK) Given New $44.00 Price Target at Piper Sandler

Equity Bancshares (NASDAQ:EQBK - Free Report) had its price target reduced by Piper Sandler from $46.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the bank's stock.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods decreased 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 research report on Monday, April 7th. Stephens lowered their price target on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Janney Montgomery Scott initiated coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating for the company. Hovde Group boosted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Finally, DA Davidson cut their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.60.

Equity Bancshares Stock Performance

Shares of EQBK stock traded up $1.11 during trading hours on Thursday, reaching $37.82. 62,608 shares of the company traded hands, compared to its average volume of 56,287. The firm has a 50-day moving average price of $39.55 and a 200 day moving average price of $42.57. The company has a market cap of $662.16 million, a P/E ratio of 9.50 and a beta of 0.73. Equity Bancshares has a 12-month low of $31.75 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, March 31st. Equity Bancshares's payout ratio is 15.27%.

Institutional Trading of Equity Bancshares

A number of institutional investors have recently made changes to their positions in EQBK. R Squared Ltd acquired a new position in shares of Equity Bancshares during the fourth quarter valued at about $54,000. Aquatic Capital Management LLC purchased a new position in shares of Equity Bancshares in the fourth quarter worth $98,000. Quantbot Technologies LP lifted its stake in shares of 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 buying an additional 1,589 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Equity Bancshares during the fourth quarter valued at $119,000. Finally, GAMMA Investing LLC increased its holdings in shares of Equity Bancshares by 81,650.0% in the first quarter. GAMMA Investing LLC now owns 3,270 shares of the bank's stock valued at $129,000 after purchasing an additional 3,266 shares during the period. Institutional investors and hedge funds own 71.80% of the company's stock.

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.