Equity Bancshares (NASDAQ:EQBK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Equity Bancshares has received a price target increase from Keefe, Bruyette & Woods, raising it from $45.00 to $47.00, suggesting a potential upside of 10.16% from its previous close.
• DA Davidson also raised its target price from $44.00 to $45.00, while a consensus rating for the stock currently stands at "Moderate Buy" with an average price target of $48.40.
• Institutional investors control approximately 71.80% of Equity Bancshares' stock, indicating significant institutional interest and investment in the bank's operations.

Equity Bancshares (NASDAQ:EQBK - Free Report) had its price target raised by Keefe, Bruyette & Woods from $45.00 to $47.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the bank's stock.

Separately, DA Davidson increased their price objective on Equity Bancshares from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Equity Bancshares currently has a consensus rating of "Moderate Buy" and an average price target of $48.40.

Equity Bancshares Price Performance

Shares of EQBK traded down $0.54 during midday trading on Thursday, hitting $42.08. The company's stock had a trading volume of 27,481 shares, compared to its average volume of 76,304. The stock has a market capitalization of $808.60 million, a price-to-earnings ratio of 10.57 and a beta of 0.83. Equity Bancshares has a one year low of $34.11 and a one year high of $50.85. 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 company's fifty day simple moving average is $40.26 and its two-hundred day simple moving average is $39.56.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD acquired a new stake in Equity Bancshares in the fourth quarter valued at $231,000. Jane Street Group LLC grew its position in Equity Bancshares by 292.7% in the fourth quarter. Jane Street Group LLC now owns 36,757 shares of the bank's stock worth $1,559,000 after buying an additional 27,397 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Equity Bancshares by 42.9% during the 4th quarter. Bank of America Corp DE now owns 19,896 shares of the bank's stock valued at $844,000 after acquiring an additional 5,973 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Equity Bancshares during the 4th quarter worth $210,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in Equity Bancshares in the fourth quarter valued at about $375,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.