Equity Bancshares (NASDAQ:EQBK) Price Target Cut to $49.00 by Analysts at Stephens

Equity Bancshares (NASDAQ:EQBK) had its target price decreased by stock analysts at Stephens from $52.00 to $49.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Stephens’ price target indicates a potential upside of 12.99% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group boosted their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, DA Davidson cut their price objective on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Equity Bancshares Trading Up 0.0 %

Shares of NASDAQ EQBK traded up $0.02 during midday trading on Friday, hitting $43.37. 7,174 shares of the company traded hands, compared to its average volume of 68,355. Equity Bancshares has a 12-month low of $30.44 and a 12-month high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50-day moving average price of $44.81 and a 200 day moving average price of $41.97. The firm has a market cap of $663.05 million, a P/E ratio of 10.90 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Equity Bancshares in the fourth quarter worth approximately $54,000. BNP Paribas Financial Markets lifted its stake in shares of 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 buying an additional 232 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Equity Bancshares in the third quarter worth approximately $203,000. SG Americas Securities LLC lifted its stake in shares of Equity Bancshares by 74.1% in the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after buying an additional 2,150 shares in the last quarter. Finally, Triune Financial Partners LLC bought a new position in shares of Equity Bancshares in the third quarter worth approximately $268,000. Institutional investors own 71.80% of the company’s stock.

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.