DA Davidson Boosts Earnings Estimates for Equity Bancshares

Equity Bancshares, Inc. (NASDAQ:EQBK) – Equities researchers at DA Davidson upped their FY2025 EPS estimates for shares of Equity Bancshares in a research note issued on Thursday, October 16th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $4.30 per share for the year, up from their previous forecast of $4.00. DA Davidson has a “Neutral” rating and a $45.00 price objective on the stock. The consensus estimate for Equity Bancshares’ current full-year earnings is $3.72 per share.

Several other research analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Equity Bancshares from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Thursday, September 4th. Piper Sandler started coverage on shares of Equity Bancshares in a report on Wednesday, October 8th. They issued an “overweight” rating and a $54.00 target price for the company. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Equity Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $50.40.

Equity Bancshares Trading Up 3.3%

NASDAQ EQBK opened at $40.07 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a 52 week low of $34.11 and a 52 week high of $50.85. The stock has a market capitalization of $770.07 million, a PE ratio of 10.07 and a beta of 0.82. The firm has a 50 day moving average of $40.81 and a two-hundred day moving average of $39.69.

Institutional Trading of Equity Bancshares

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock worth $28,000 after purchasing an additional 502 shares during the period. Bellwether Advisors LLC acquired a new stake in Equity Bancshares during the 1st quarter worth $39,000. State of Wyoming acquired a new stake in Equity Bancshares during the 2nd quarter worth $59,000. Tower Research Capital LLC TRC boosted its stake in Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank’s stock worth $79,000 after purchasing an additional 1,347 shares during the period. Finally, CWM LLC boosted its stake in Equity Bancshares by 311.5% during the 1st 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. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Equity Bancshares’s previous quarterly dividend of $0.15. Equity Bancshares’s dividend payout ratio (DPR) is currently 60.00%.

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.