Equity Bancshares (NASDAQ:EQBK) Price Target Raised to $57.00

Equity Bancshares (NASDAQ:EQBKFree Report) had its target price increased by Hovde Group from $56.00 to $57.00 in a report published on Thursday morning, Marketbeat.com reports. Hovde Group currently has an outperform rating on the bank’s stock.

A number of other research analysts have also recently issued reports on the company. Stephens raised Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a report on Monday, October 14th. DA Davidson boosted their price target on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Get Our Latest Stock Report on EQBK

Equity Bancshares Trading Down 0.2 %

Shares of EQBK opened at $43.27 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market cap of $661.55 million, a PE ratio of 10.87 and a beta of 0.92. Equity Bancshares has a 1 year low of $30.44 and a 1 year high of $50.85. The stock has a 50 day simple moving average of $44.65 and a 200-day simple moving average of $42.10.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, December 31st. Equity Bancshares’s dividend payout ratio is currently 15.08%.

Hedge Funds Weigh In On Equity Bancshares

A number of institutional investors have recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of Equity Bancshares during the fourth quarter valued at approximately $54,000. BNP Paribas Financial Markets lifted its holdings in Equity Bancshares by 7.8% during the 3rd 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 Equity Bancshares in the 3rd quarter valued at $203,000. SG Americas Securities LLC increased its stake in shares of Equity Bancshares by 74.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock valued at $207,000 after buying an additional 2,150 shares during the period. Finally, Triune Financial Partners LLC bought a new stake in shares of Equity Bancshares during the third quarter worth $268,000. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Company Profile

(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.

Further Reading

Analyst Recommendations for Equity Bancshares (NASDAQ:EQBK)

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