Analysts Set Equity Bancshares, Inc. (NASDAQ:EQBK) Price Target at $50.40

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $50.40.

EQBK has been the subject of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Equity Bancshares in a report on Wednesday, October 8th. They issued an “overweight” rating and a $54.00 target price for the company. DA Davidson restated a “neutral” rating and issued a $45.00 target price on shares of Equity Bancshares in a report on Thursday, October 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Equity Bancshares from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Thursday, September 4th.

Equity Bancshares Stock Down 1.0%

Shares of NASDAQ:EQBK opened at $40.53 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a fifty-two week low of $34.11 and a fifty-two week high of $50.85. The firm’s 50-day simple moving average is $40.93 and its 200-day simple moving average is $39.75. The company has a market cap of $778.81 million, a price-to-earnings ratio of 10.18 and a beta of 0.82.

Equity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.15. Equity Bancshares’s payout ratio is presently 60.00%.

Institutional Trading of Equity Bancshares

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Equity Bancshares by 81,650.0% during the first quarter. GAMMA Investing LLC now owns 3,270 shares of the bank’s stock valued at $129,000 after buying an additional 3,266 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Equity Bancshares by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 90,037 shares of the bank’s stock worth $3,547,000 after purchasing an additional 17,196 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Equity Bancshares in the first quarter worth approximately $553,000. Trexquant Investment LP lifted its position in shares of Equity Bancshares by 254.0% in the first quarter. Trexquant Investment LP now owns 25,879 shares of the bank’s stock worth $1,020,000 after purchasing an additional 18,568 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Equity Bancshares by 5.7% in the first quarter. Vanguard Group Inc. now owns 888,650 shares of the bank’s stock worth $35,013,000 after purchasing an additional 47,716 shares in the last quarter. Institutional investors and hedge funds 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.