Equity Bancshares, Inc. (NASDAQ:EQBK) Receives $48.00 Consensus Price Target from Brokerages

Equity Bancshares, Inc. (NASDAQ:EQBK) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $48.00.

EQBK has been the topic of a number of recent research reports. Stephens dropped their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Janney Montgomery Scott started coverage on shares of Equity Bancshares in a report on Thursday. They set a “neutral” rating on the stock. Hovde Group lifted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, DA Davidson cut their price objective on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd.

Equity Bancshares Stock Down 2.4 %

Equity Bancshares stock opened at $35.89 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares has a fifty-two week low of $30.98 and a fifty-two week high of $50.85. The company’s 50-day moving average is $41.63 and its 200-day moving average is $42.99. The firm has a market capitalization of $628.31 million, a PE ratio of 9.02 and a beta of 0.73.

Equity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%. Equity Bancshares’s dividend payout ratio (DPR) is 15.08%.

Hedge Funds Weigh In On Equity Bancshares

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Equity Bancshares by 175.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock valued at $4,590,000 after purchasing an additional 71,547 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after acquiring an additional 232 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Equity Bancshares by 4.1% during the third quarter. Captrust Financial Advisors now owns 37,735 shares of the bank’s stock valued at $1,543,000 after buying an additional 1,481 shares during the period. PDT Partners LLC bought a new position in shares of Equity Bancshares in the third quarter worth about $282,000. Finally, State Street Corp lifted its stake in Equity Bancshares by 2.6% in the third quarter. State Street Corp now owns 314,889 shares of the bank’s stock worth $12,919,000 after acquiring an additional 8,103 shares during the period. Hedge funds and other 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.