Equity Bancshares, Inc. (NYSE:EQBK) Given Average Recommendation of “Hold” by Brokerages

Shares of Equity Bancshares, Inc. (NYSE:EQBK) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $52.6667.

A number of research firms have weighed in on EQBK. Piper Sandler raised their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Bancshares in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on Equity Bancshares from $47.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, January 23rd. DA Davidson increased their price target on shares of Equity Bancshares from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Zacks Research cut shares of Equity Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of Equity Bancshares by 282.0% in the second quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after acquiring an additional 502 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Equity Bancshares in the third quarter worth approximately $28,000. Royal Bank of Canada lifted its holdings in Equity Bancshares by 132.0% in the 4th quarter. Royal Bank of Canada now owns 972 shares of the company’s stock worth $44,000 after purchasing an additional 553 shares in the last quarter. State of Wyoming purchased a new stake in Equity Bancshares in the 2nd quarter worth $59,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $79,000 after acquiring an additional 1,347 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

Equity Bancshares Trading Up 0.1%

NYSE:EQBK traded up $0.03 during trading hours on Thursday, hitting $43.73. 117,801 shares of the stock were exchanged, compared to its average volume of 115,978. The company’s 50 day moving average is $45.99 and its two-hundred day moving average is $43.67. The company has a market capitalization of $834.35 million, a P/E ratio of 33.38 and a beta of 0.86. Equity Bancshares has a twelve month low of $34.11 and a twelve month high of $50.07. The company has a quick ratio of 0.95, a current ratio of 0.92 and a debt-to-equity ratio of 0.54.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is 54.96%.

About Equity Bancshares

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.