FY2025 EPS Forecast for Equity Bancshares Raised by Analyst

Key Points

• DA Davidson raised its FY2025 earnings estimate for Equity Bancshares from $4.00 to $4.30 per share, maintaining a "Neutral" rating with a price target of $45.00.
• Equity Bancshares recently increased its quarterly dividend to $0.18, reflecting a positive change from the previous $0.15, resulting in a 1.9% dividend yield.
• Institutional investors own 71.80% of Equity Bancshares stock, with significant increases in holdings reported by several major firms in recent quarters.

Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) - Investment analysts at DA Davidson boosted their FY2025 earnings estimates for shares of Equity Bancshares in a research report issued to clients and investors on Thursday, October 16th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $4.30 per share for the year, up from their previous forecast of $4.00. DA Davidson has a "Neutral" rating and a $45.00 price objective on the stock. The consensus estimate for Equity Bancshares' current full-year earnings is $3.72 per share.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of Equity Bancshares from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Thursday, September 4th. Piper Sandler assumed coverage on shares of Equity Bancshares in a report on Wednesday, October 8th. They issued an "overweight" rating and a $54.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.40.

Equity Bancshares Trading Down 6.8%

Shares of Equity Bancshares stock opened at $38.65 on Friday. The firm has a market capitalization of $742.76 million, a PE ratio of 9.71 and a beta of 0.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. The company's fifty day moving average price is $40.75 and its two-hundred day moving average price is $39.68. Equity Bancshares has a 52-week low of $34.11 and a 52-week high of $50.85.

Institutional Investors Weigh In On Equity Bancshares

Large investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in shares of Equity Bancshares by 282.0% in the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the bank's stock worth $28,000 after purchasing an additional 502 shares during the last quarter. Bellwether Advisors LLC acquired a new position in Equity Bancshares during the 1st quarter worth about $39,000. State of Wyoming acquired a new position in Equity Bancshares during the 2nd quarter worth about $59,000. Tower Research Capital LLC TRC lifted its position in Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank's stock worth $79,000 after buying an additional 1,347 shares in the last quarter. Finally, CWM LLC lifted its position in Equity Bancshares by 311.5% during the 1st quarter. CWM LLC now owns 2,041 shares of the bank's stock worth $80,000 after buying an additional 1,545 shares in the last quarter. Institutional investors own 71.80% of the company's stock.

Equity Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Equity Bancshares's previous quarterly dividend of $0.15. Equity Bancshares's payout ratio is currently 60.00%.

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.

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