Equity Bancshares (NASDAQ:EQBK) Price Target Cut to $49.00 by Analysts at Stephens

Equity Bancshares (NASDAQ:EQBK) had its price objective lowered by Stephens from $52.00 to $49.00 in a research report sent to investors on Friday,Benzinga reports. Stephens currently has an overweight rating on the bank’s stock.

Several other brokerages have also recently commented on EQBK. DA Davidson reduced their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lifted their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group upped their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Trading Down 0.2 %

Equity Bancshares stock opened at $43.27 on Friday. Equity Bancshares has a 12 month low of $30.44 and a 12 month high of $50.85. The stock has a market cap of $661.55 million, a price-to-earnings ratio of 9.62 and a beta of 0.92. The business has a 50 day moving average price of $44.65 and a two-hundred day moving average price of $42.05. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Equity Bancshares’s payout ratio is 15.08%.

Hedge Funds Weigh In On Equity Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQBK. R Squared Ltd bought a new position in shares of Equity Bancshares in the fourth quarter valued at approximately $54,000. BNP Paribas Financial Markets grew 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 acquiring an additional 232 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in Equity Bancshares in the 3rd quarter valued at about $203,000. SG Americas Securities LLC raised its stake in shares of Equity Bancshares by 74.1% in the third quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Triune Financial Partners LLC acquired a new position in shares of Equity Bancshares during the third quarter worth approximately $268,000. 71.80% of the stock is currently owned by institutional investors and hedge funds.

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.