Equity Bancshares (NASDAQ:EQBK) Price Target Cut to $39.00 by Analysts at DA Davidson

Equity Bancshares (NASDAQ:EQBK) had its price target trimmed by DA Davidson from $40.00 to $39.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock. DA Davidson also issued estimates for Equity Bancshares’ FY2025 earnings at $3.80 EPS and FY2026 earnings at $4.50 EPS.

Several other research firms also recently commented on EQBK. Stephens decreased their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Piper Sandler lowered their target price on shares of Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday. Hovde Group raised their target price on Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Monday, April 7th. Finally, Janney Montgomery Scott began coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.60.

Equity Bancshares Trading Down 0.1 %

Shares of NASDAQ EQBK opened at $36.38 on Thursday. The business has a 50 day simple moving average of $40.00 and a 200 day simple moving average of $42.59. Equity Bancshares has a 52 week low of $30.98 and a 52 week high of $50.85. The stock has a market cap of $636.99 million, a price-to-earnings ratio of 9.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, March 31st. Equity Bancshares’s dividend payout ratio is currently 15.27%.

Hedge Funds Weigh In On Equity Bancshares

Several large investors have recently made changes to their positions in EQBK. BNP Paribas Financial Markets increased its position in Equity Bancshares by 7.8% in 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 during the period. State Street Corp grew its stake in shares of Equity Bancshares by 2.6% in the third quarter. State Street Corp now owns 314,889 shares of the bank’s stock worth $12,919,000 after acquiring an additional 8,103 shares during the last quarter. Barclays PLC increased its position in Equity Bancshares by 247.2% during the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock worth $953,000 after acquiring an additional 16,595 shares during the period. JPMorgan Chase & Co. raised its stake in Equity Bancshares by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock valued at $14,735,000 after purchasing an additional 17,431 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Equity Bancshares by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock valued at $256,000 after purchasing an additional 991 shares during the period. Institutional investors and hedge funds 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.