DA Davidson Forecasts Higher Earnings for Equity Bancshares

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Equity Bancshares from $3.90 to $4.00, while maintaining a "Neutral" rating and a target price of $45.00.
• Institutional investors have significantly increased their stake in Equity Bancshares, with many reporting growth in holdings, highlighting strong investor interest in the company.
• The stock currently shows a consensus rating of "Moderate Buy" with a target price of $48.00, according to multiple analysts.

Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Equities researchers at DA Davidson boosted their FY2025 EPS estimates for shares of Equity Bancshares in a report released on Wednesday, September 3rd. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $4.00 for the year, up from their previous estimate of $3.90. DA Davidson has a "Neutral" rating and a $45.00 price target on the stock. The consensus estimate for Equity Bancshares' current full-year earnings is $3.72 per share.

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Equity Bancshares from $45.00 to $47.00 and gave the stock a "market perform" rating in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Equity Bancshares has an average rating of "Moderate Buy" and an average price target of $48.40.

Equity Bancshares Stock Down 1.5%

Shares of NASDAQ:EQBK traded down $0.63 during trading on Thursday, hitting $41.98. The company's stock had a trading volume of 24,115 shares, compared to its average volume of 76,285. The company has a market capitalization of $806.85 million, a PE ratio of 10.56 and a beta of 0.83. The business has a 50 day moving average price of $40.26 and a two-hundred day moving average price of $39.56. Equity Bancshares has a fifty-two week low of $34.11 and a fifty-two week high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Investors Weigh In On Equity Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in Equity Bancshares by 1.3% in the first 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 lifted its position in Equity Bancshares by 7.0% in the first 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. raised its holdings in shares of Equity Bancshares by 5.7% in the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank's stock valued at $35,013,000 after buying an additional 47,716 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Equity Bancshares by 17.2% in the first quarter. Wellington Management Group LLP now owns 676,587 shares of the bank's stock valued at $26,658,000 after buying an additional 99,357 shares during the last quarter. Finally, Mendon Capital Advisors Corp raised its holdings in shares of Equity Bancshares by 0.5% in the second quarter. Mendon Capital Advisors Corp now owns 398,844 shares of the bank's stock valued at $16,273,000 after buying an additional 1,867 shares during the last quarter. 71.80% of the stock is owned by hedge funds and other 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.