DA Davidson Issues Positive Forecast for Equity Bancshares (NASDAQ:EQBK) Stock Price

Equity Bancshares (NASDAQ:EQBK) had its target price raised by analysts at DA Davidson from $50.00 to $52.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. DA Davidson’s price target points to a potential upside of 10.85% from the company’s current price.

Other research analysts also recently issued reports about the stock. Piper Sandler upped their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods raised their target price on Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.75.

Equity Bancshares Stock Down 4.1%

Equity Bancshares stock traded down $1.99 during midday trading on Friday, hitting $46.91. 17,340 shares of the company were exchanged, compared to its average volume of 84,244. The company’s fifty day moving average price is $45.19 and its 200-day moving average price is $42.17. The company has a market cap of $894.87 million, a PE ratio of 11.81 and a beta of 0.87. 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 $34.11 and a fifty-two week high of $50.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EQBK. Osaic Holdings Inc. raised its position in shares of Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock worth $28,000 after purchasing an additional 502 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Equity Bancshares in the third quarter worth about $28,000. State of Wyoming purchased a new stake in shares of Equity Bancshares in the 2nd quarter valued at approximately $59,000. Tower Research Capital LLC TRC boosted its stake in Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank’s stock worth $79,000 after purchasing an additional 1,347 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Equity Bancshares by 33.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank’s stock worth $89,000 after purchasing an additional 547 shares in the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.