Equity Bancshares (NASDAQ:EQBK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Equity Bancshares (NASDAQ:EQBK) had its price objective increased by equities researchers at Keefe, Bruyette & Woods from $44.00 to $45.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 11.46% from the stock’s previous close.

A number of other brokerages also recently weighed in on EQBK. Janney Montgomery Scott initiated coverage on Equity Bancshares in a research report on Thursday, April 3rd. They set a “neutral” rating on the stock. Piper Sandler dropped their price objective on Equity Bancshares from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson dropped their price objective on Equity Bancshares from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.80.

Equity Bancshares Price Performance

EQBK opened at $40.38 on Wednesday. Equity Bancshares has a 12-month low of $32.95 and a 12-month high of $50.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $40.43 and its 200-day simple moving average is $40.52. The company has a market capitalization of $707.17 million, a price-to-earnings ratio of 10.14 and a beta of 0.78.

Insiders Place Their Bets

In other Equity Bancshares news, COO Julie A. Huber sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was 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 owned 57,688 shares of the company’s stock, valued at approximately $2,255,600.80. This trade represents a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Equity Bancshares

Institutional investors have recently added to or reduced their stakes in the business. Bellwether Advisors LLC acquired a new stake in Equity Bancshares in the first quarter worth about $39,000. CWM LLC lifted its holdings in shares of Equity Bancshares by 311.5% during the first quarter. CWM LLC now owns 2,041 shares of the bank’s stock worth $80,000 after purchasing an additional 1,545 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Equity Bancshares during the fourth quarter worth about $98,000. Quantbot Technologies LP lifted its holdings in shares of Equity Bancshares by 139.9% during the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank’s stock worth $116,000 after purchasing an additional 1,589 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Equity Bancshares during the fourth quarter worth about $119,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

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.