Analysts Set Equity Bancshares, Inc. (NASDAQ:EQBK) Target Price at $39.00

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) have received a consensus recommendation of “Hold” from the four analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.00.

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Equity Bancshares from $38.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, July 18th. Stephens boosted their price objective on Equity Bancshares from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Piper Sandler boosted their price objective on Equity Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, June 13th.

Insider Activity at Equity Bancshares

In related news, CEO Brad S. Elliott sold 24,801 shares of Equity Bancshares stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total transaction of $1,007,912.64. Following the transaction, the chief executive officer now owns 151,616 shares of the company’s stock, valued at $6,161,674.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gregory L. Gaeddert sold 6,000 shares of Equity Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $40.99, for a total transaction of $245,940.00. Following the transaction, the director now owns 17,167 shares of the company’s stock, valued at $703,675.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brad S. Elliott sold 24,801 shares of Equity Bancshares stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $40.64, for a total value of $1,007,912.64. Following the transaction, the chief executive officer now directly owns 151,616 shares in the company, valued at approximately $6,161,674.24. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. boosted its position in Equity Bancshares by 1.7% in the second quarter. Federated Hermes Inc. now owns 19,240 shares of the bank’s stock worth $677,000 after purchasing an additional 327 shares during the last quarter. ELCO Management Co. LLC boosted its position in Equity Bancshares by 3.1% in the second quarter. ELCO Management Co. LLC now owns 13,673 shares of the bank’s stock worth $481,000 after purchasing an additional 415 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Equity Bancshares in the first quarter worth $42,000. BNP Paribas Financial Markets boosted its position in Equity Bancshares by 97.0% in the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock worth $247,000 after purchasing an additional 3,541 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Equity Bancshares by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 79,831 shares of the bank’s stock worth $2,810,000 after purchasing an additional 3,838 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Equity Bancshares Trading Down 2.5 %

Shares of EQBK stock opened at $38.53 on Friday. The company has a market cap of $587.70 million, a P/E ratio of 64.22 and a beta of 0.90. The stock has a 50 day simple moving average of $38.35 and a two-hundred day simple moving average of $34.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 0.84. Equity Bancshares has a fifty-two week low of $22.78 and a fifty-two week high of $42.02.

Equity Bancshares (NASDAQ:EQBK) last issued its earnings results on Tuesday, July 16th. The bank reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $55.43 million during the quarter, compared to the consensus estimate of $54.56 million. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. Research analysts forecast that Equity Bancshares will post 4.01 earnings per share for the current year.

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.