DA Davidson Lowers Equity Bancshares (NASDAQ:EQBK) Price Target to $46.00

Equity Bancshares (NASDAQ:EQBK) had its price objective dropped by stock analysts at DA Davidson from $50.00 to $46.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s price target indicates a potential upside of 6.32% from the stock’s current price.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods increased their price objective on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens raised Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target for the company in a research note on Monday, October 14th. Finally, Hovde Group lifted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Stock Performance

Shares of EQBK stock opened at $43.27 on Thursday. The company has a market cap of $661.55 million, a P/E ratio of 10.87 and a beta of 0.92. The business has a 50 day moving average of $44.65 and a two-hundred day moving average of $42.05. Equity Bancshares has a 52 week low of $30.44 and a 52 week high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Equity Bancshares

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after acquiring an additional 232 shares in the last quarter. SG Americas Securities LLC increased its position in Equity Bancshares by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after buying an additional 991 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Equity Bancshares in the fourth quarter worth about $54,000. Sippican Capital Advisors boosted its stake in shares of Equity Bancshares by 7.9% during the 4th quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock worth $809,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Equity Bancshares by 4.1% in the 3rd quarter. Captrust Financial Advisors now owns 37,735 shares of the bank’s stock worth $1,543,000 after purchasing an additional 1,481 shares during the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

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.