FY2025 EPS Forecast for Equity Bancshares Boosted by Analyst

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 research analysts at DA Davidson boosted their FY2025 earnings per share estimates for Equity Bancshares in a research report issued on Wednesday, September 3rd. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $4.00 per share for the year, up from their prior forecast of $3.90. DA Davidson currently 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 target price on Equity Bancshares from $44.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

Equity Bancshares Trading Up 6.0%

Shares of EQBK stock opened at $42.67 on Thursday. The company has a market cap of $819.94 million, a P/E ratio of 10.72 and a beta of 0.83. The stock has a 50 day simple moving average of $40.17 and a two-hundred day simple moving average of $39.64. 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bellwether Advisors LLC bought a new position in Equity Bancshares in the 1st quarter worth about $39,000. State of Wyoming bought a new stake in shares of Equity Bancshares during the 2nd quarter valued at about $59,000. Tower Research Capital LLC TRC grew its holdings in shares of Equity Bancshares by 233.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank's stock worth $79,000 after purchasing an additional 1,347 shares in the last quarter. CWM LLC increased its position in shares of Equity Bancshares by 311.5% in the first quarter. CWM LLC now owns 2,041 shares of the bank's stock worth $80,000 after purchasing an additional 1,545 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Equity Bancshares by 33.3% in the second quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank's stock worth $89,000 after purchasing an additional 547 shares during the last quarter. Institutional investors 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.

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