Keefe, Bruyette & Woods Increases Equity Bancshares (NASDAQ:EQBK) Price Target to $45.00

Equity Bancshares (NASDAQ:EQBK - Get Free Report) had its target price raised by research analysts at Keefe, Bruyette & Woods from $44.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 12.40% from the company's current price.

EQBK has been the subject of a number of other research reports. Piper Sandler dropped their price target on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. DA Davidson dropped their price target on Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Janney Montgomery Scott began coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Equity Bancshares has a consensus rating of "Moderate Buy" and an average target price of $47.80.

Equity Bancshares Trading Down 0.8%

EQBK stock traded down $0.32 on Wednesday, reaching $40.04. The company's stock had a trading volume of 19,872 shares, compared to its average volume of 62,364. The business has a fifty day simple moving average of $40.43 and a two-hundred day simple moving average of $40.52. Equity Bancshares has a 12-month low of $32.95 and a 12-month high of $50.85. The firm has a market cap of $701.21 million, a PE ratio of 10.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Insider Transactions at Equity Bancshares

In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $39.10, for a total value of $156,400.00. Following the completion of the transaction, the chief operating officer owned 57,688 shares in the company, valued at approximately $2,255,600.80. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.60% of the company's stock.

Hedge Funds Weigh In On Equity Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Equity Bancshares by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank's stock valued at $346,000 after acquiring an additional 322 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Equity Bancshares by 1.5% during the fourth quarter. Invesco Ltd. now owns 26,266 shares of the bank's stock valued at $1,114,000 after acquiring an additional 387 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Equity Bancshares by 4.5% during the first quarter. MetLife Investment Management LLC now owns 9,492 shares of the bank's stock valued at $374,000 after acquiring an additional 413 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Equity Bancshares by 3.0% during the fourth quarter. Legal & General Group Plc now owns 14,033 shares of the bank's stock valued at $595,000 after acquiring an additional 414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Equity Bancshares by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock valued at $4,794,000 after acquiring an additional 721 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors.

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.