Keefe, Bruyette & Woods Raises Equity Bancshares (NASDAQ:EQBK) Price Target to $49.00

Equity Bancshares (NASDAQ:EQBK) had its target price raised by analysts at Keefe, Bruyette & Woods from $47.00 to $49.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.50% from the company’s previous close.

EQBK has been the subject of several other reports. Piper Sandler raised their target price on Equity Bancshares from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. DA Davidson reissued a “neutral” rating and set a $45.00 price objective on shares of Equity Bancshares in a report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Equity Bancshares has an average rating of “Hold” and an average target price of $52.67.

Equity Bancshares Trading Down 7.6%

Shares of NASDAQ EQBK opened at $45.16 on Friday. Equity Bancshares has a twelve month low of $34.11 and a twelve month high of $50.07. The stock has a market capitalization of $861.53 million, a PE ratio of 11.35 and a beta of 0.87. The stock has a fifty day simple moving average of $45.25 and a 200-day simple moving average of $42.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78.

Institutional Trading of Equity Bancshares

Hedge funds have recently bought and sold shares of the company. FJ Capital Management LLC raised its position in shares of Equity Bancshares by 8.6% during the third quarter. FJ Capital Management LLC now owns 1,222,791 shares of the bank’s stock valued at $49,768,000 after buying an additional 96,695 shares during the last quarter. Patriot Financial Partners GP II L.P. acquired a new stake in Equity Bancshares in the 3rd quarter valued at about $49,541,000. Vanguard Group Inc. increased its holdings in shares of Equity Bancshares by 2.5% in the third quarter. Vanguard Group Inc. now owns 921,826 shares of the bank’s stock valued at $37,518,000 after purchasing an additional 22,233 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Equity Bancshares by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 761,014 shares of the bank’s stock worth $30,974,000 after acquiring an additional 3,765 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Equity Bancshares by 1.2% in the third quarter. Wellington Management Group LLP now owns 692,721 shares of the bank’s stock valued at $28,194,000 after acquiring an additional 8,529 shares during the last quarter. 71.80% of the stock is owned by hedge funds and other institutional investors.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.