What is DA Davidson’s Forecast for EQBK Q1 Earnings?

Equity Bancshares, Inc. (NASDAQ:EQBK) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Equity Bancshares in a report issued on Friday, January 24th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings of $0.88 per share for the quarter. DA Davidson has a “Neutral” rating and a $46.00 price objective on the stock. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.77 per share.

EQBK has been the topic of several other research reports. Keefe, Bruyette & Woods boosted their price target on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens lowered their target price on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Hovde Group increased their price target 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Equity Bancshares has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Equity Bancshares Price Performance

NASDAQ:EQBK opened at $43.27 on Monday. Equity Bancshares has a 52-week low of $30.44 and a 52-week high of $50.85. The company has a market cap of $661.55 million, a P/E ratio of 10.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50-day simple moving average is $44.65 and its 200 day simple moving average is $42.15.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. Equity Bancshares’s dividend payout ratio (DPR) is 15.08%.

Hedge Funds Weigh In On Equity Bancshares

Several large investors have recently modified their holdings of EQBK. Mendon Capital Advisors Corp grew its stake in Equity Bancshares by 2,539.9% in the 2nd quarter. Mendon Capital Advisors Corp now owns 350,000 shares of the bank’s stock valued at $12,320,000 after buying an additional 336,742 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Equity Bancshares by 175.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock worth $4,590,000 after purchasing an additional 71,547 shares during the period. Wellington Management Group LLP acquired a new stake in Equity Bancshares during the 3rd quarter worth approximately $2,809,000. JPMorgan Chase & Co. boosted its stake in Equity Bancshares by 5.1% in 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 period. Finally, Barclays PLC grew its holdings in Equity Bancshares by 247.2% in the 3rd quarter. Barclays PLC now owns 23,308 shares of the bank’s stock valued at $953,000 after buying an additional 16,595 shares in the last quarter. 71.80% of the stock is owned by institutional investors.

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.