Equity Bancshares, Inc. (NYSE:EQBK) Receives Average Recommendation of “Hold” from Analysts

Shares of Equity Bancshares, Inc. (NYSE:EQBK) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $52.6667.

Several research analysts have recently commented on EQBK shares. Wall Street Zen raised Equity Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Piper Sandler increased their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods lifted their price objective on Equity Bancshares from $47.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Equity Bancshares in a research report on Monday, December 29th. Finally, DA Davidson raised their target price on Equity Bancshares from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Equity Bancshares during the 3rd quarter worth $28,000. Osaic Holdings Inc. raised its holdings in Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after buying an additional 502 shares during the period. Royal Bank of Canada lifted its position in shares of Equity Bancshares by 132.0% in the 4th quarter. Royal Bank of Canada now owns 972 shares of the company’s stock valued at $44,000 after acquiring an additional 553 shares in the last quarter. State of Wyoming purchased a new position in Equity Bancshares during the second quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC grew its stake in Equity Bancshares by 233.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $79,000 after purchasing an additional 1,347 shares in the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

Equity Bancshares Price Performance

Shares of EQBK stock traded up $0.03 during mid-day trading on Thursday, hitting $43.73. The company had a trading volume of 117,801 shares, compared to its average volume of 115,978. The stock’s 50 day moving average price is $45.99 and its 200-day moving average price is $43.67. Equity Bancshares has a 52-week low of $34.11 and a 52-week high of $50.07. The company has a market capitalization of $834.35 million, a P/E ratio of 33.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.92 and a quick ratio of 0.95.

Equity Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, March 31st. Equity Bancshares’s dividend payout ratio is currently 54.96%.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.