Keefe, Bruyette & Woods Boosts Equity Bancshares (NASDAQ:EQBK) Price Target to $47.00

Equity Bancshares (NASDAQ:EQBK) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $45.00 to $47.00 in a report released on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.28% from the company’s current price.

Separately, DA Davidson lifted their target price on Equity Bancshares from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Equity Bancshares currently has an average rating of “Moderate Buy” and an average target price of $48.40.

Equity Bancshares Stock Performance

Shares of NASDAQ EQBK opened at $42.24 on Thursday. 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 stock has a market capitalization of $811.67 million, a price-to-earnings ratio of 10.61 and a beta of 0.83. The stock’s fifty day simple moving average is $40.22 and its 200 day simple moving average is $39.62. Equity Bancshares has a 52-week low of $34.11 and a 52-week high of $50.85.

Institutional Trading of Equity Bancshares

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Equity Bancshares by 740.0% in the fourth quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock worth $24,486,000 after buying an additional 508,509 shares during the last quarter. CSM Advisors LLC acquired a new position in shares of Equity Bancshares in the 2nd quarter worth approximately $4,713,000. Kennedy Capital Management LLC boosted its holdings in shares of Equity Bancshares by 96.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 213,333 shares of the bank’s stock worth $8,704,000 after acquiring an additional 104,613 shares in the last quarter. FJ Capital Management LLC boosted its holdings in shares of Equity Bancshares by 9.8% in the 4th quarter. FJ Capital Management LLC now owns 1,127,376 shares of the bank’s stock worth $47,823,000 after acquiring an additional 100,219 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Equity Bancshares by 110.7% during the 2nd quarter. American Century Companies Inc. now owns 144,982 shares of the bank’s stock worth $5,915,000 after buying an additional 76,167 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

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.