Equity Bancshares, Inc. (NYSE:EQBK) Receives $52.67 Consensus PT from Analysts

Equity Bancshares, Inc. (NYSE:EQBK) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $52.6667.

Several brokerages have recently issued reports on EQBK. Piper Sandler increased their price objective on Equity Bancshares from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $47.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, January 23rd. DA Davidson increased their price target on Equity Bancshares from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Zacks Research cut Equity Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Wall Street Zen raised Equity Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd.

Equity Bancshares Price Performance

Equity Bancshares stock opened at $43.56 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.92 and a debt-to-equity ratio of 0.54. Equity Bancshares has a 52-week low of $34.11 and a 52-week high of $50.07. The firm has a market cap of $914.35 million, a PE ratio of 33.25 and a beta of 0.86. The company’s 50 day moving average is $45.96 and its two-hundred day moving average is $43.71.

Equity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Equity Bancshares’s dividend payout ratio is currently 54.96%.

Hedge Funds Weigh In On Equity Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of EQBK. Hsbc Holdings PLC purchased a new stake in Equity Bancshares during the 2nd quarter worth about $1,179,000. American Century Companies Inc. increased its holdings in shares of Equity Bancshares by 110.7% in the 2nd quarter. American Century Companies Inc. now owns 144,982 shares of the company’s stock valued at $5,915,000 after acquiring an additional 76,167 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Equity Bancshares by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 371,888 shares of the company’s stock valued at $15,173,000 after acquiring an additional 26,792 shares during the last quarter. Kennedy Capital Management LLC raised its position in shares of Equity Bancshares by 96.2% during the 2nd quarter. Kennedy Capital Management LLC now owns 213,333 shares of the company’s stock worth $8,704,000 after acquiring an additional 104,613 shares in the last quarter. Finally, Creative Planning raised its position in shares of Equity Bancshares by 21.6% during the 2nd quarter. Creative Planning now owns 104,179 shares of the company’s stock worth $4,251,000 after acquiring an additional 18,533 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.