Equity Bancshares, Inc. (NASDAQ:EQBK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.60.

Several equities analysts recently commented on EQBK shares. Keefe, Bruyette & Woods cut their price target on shares of Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Monday, April 7th. Piper Sandler cut their price target on shares of Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. DA Davidson cut their price target on shares of Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, Janney Montgomery Scott began coverage on shares of Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating on the stock.

Insiders Place Their Bets

In other news, COO Julie A. Huber sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total value of $156,400.00. Following the completion of the sale, the chief operating officer now owns 57,688 shares of the company’s stock, valued at approximately $2,255,600.80. This represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Equity Bancshares

Hedge funds have recently modified their holdings of the business. Bellwether Advisors LLC purchased a new stake in shares of Equity Bancshares in the 1st quarter worth approximately $39,000. CWM LLC lifted its position in Equity Bancshares by 311.5% during the first quarter. CWM LLC now owns 2,041 shares of the bank’s stock valued at $80,000 after acquiring an additional 1,545 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Equity Bancshares during the fourth quarter valued at approximately $98,000. Quantbot Technologies LP lifted its position in Equity Bancshares by 139.9% during the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock valued at $116,000 after acquiring an additional 1,589 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Equity Bancshares during the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Equity Bancshares Stock Performance

Shares of NASDAQ:EQBK opened at $38.68 on Tuesday. The company has a market capitalization of $677.53 million, a price-to-earnings ratio of 9.72 and a beta of 0.78. Equity Bancshares has a 12 month low of $32.37 and a 12 month high of $50.85. The firm’s 50-day moving average is $38.71 and its 200 day moving average is $41.10. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78.

Equity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. Equity Bancshares’s dividend payout ratio is currently 15.27%.

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.