Equity Bancshares (NASDAQ:EQBK) Price Target Lowered to $49.00 at Stephens

Equity Bancshares (NASDAQ:EQBK) had its target price cut by Stephens from $52.00 to $49.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the bank’s stock.

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

Equity Bancshares Trading Down 0.2 %

NASDAQ EQBK opened at $43.27 on Friday. The company has a market cap of $661.55 million, a price-to-earnings ratio of 10.87 and a beta of 0.92. Equity Bancshares has a twelve month low of $30.44 and a twelve month high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average is $44.65 and its 200 day moving average is $42.15.

Equity Bancshares Announces Dividend

The company also recently declared 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 of this dividend 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 currently 15.08%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Equity Bancshares by 7.8% during the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after purchasing an additional 232 shares during the period. SG Americas Securities LLC increased its stake in shares of 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 acquiring an additional 991 shares in the last quarter. R Squared Ltd acquired a new position in shares of Equity Bancshares during the 4th quarter valued at $54,000. Sippican Capital Advisors boosted its stake in Equity Bancshares by 7.9% during the fourth quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock worth $809,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in Equity Bancshares by 4.1% in the third quarter. Captrust Financial Advisors now owns 37,735 shares of the bank’s stock worth $1,543,000 after purchasing an additional 1,481 shares during the period. 71.80% of the stock is owned by institutional investors.

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.