Equity Bancshares (NASDAQ:EQBK - Get Free Report) had its price target boosted by analysts at Keefe, Bruyette & Woods from $44.00 to $45.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 13.09% from the stock's previous close.
Several other equities analysts also recently commented on the stock. DA Davidson cut their price target on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Janney Montgomery Scott started coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating on the stock. Finally, Piper Sandler dropped their target price on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.80.
View Our Latest Stock Analysis on EQBK
Equity Bancshares Trading Down 1.4%
NASDAQ:EQBK traded down $0.56 during mid-day trading on Wednesday, hitting $39.79. 86,694 shares of the stock traded hands, compared to its average volume of 62,622. The stock has a market capitalization of $696.96 million, a price-to-earnings ratio of 10.00 and a beta of 0.78. Equity Bancshares has a 52 week low of $32.95 and a 52 week high of $50.85. The firm's 50 day moving average is $40.43 and its two-hundred day moving average is $40.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.
Insider Buying and Selling
In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total transaction of $156,400.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.60% of the stock is owned by insiders.
Institutional Trading of Equity Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in EQBK. Charles Schwab Investment Management Inc. increased its stake in shares of Equity Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock worth $4,794,000 after acquiring an additional 721 shares during the period. Raymond James Financial Inc. acquired a new stake in Equity Bancshares during the fourth quarter valued at $703,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Equity Bancshares during the fourth quarter valued at $698,000. Swiss National Bank grew its position in Equity Bancshares by 11.9% during the fourth quarter. Swiss National Bank now owns 30,081 shares of the bank's stock valued at $1,276,000 after buying an additional 3,200 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Equity Bancshares during the fourth quarter valued at $259,000. Institutional investors and hedge funds own 71.80% of the company's stock.
About Equity Bancshares
(
Get Free Report)
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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