Equity Bancshares (NASDAQ:EQBK) Price Target Lowered to $46.00 at DA Davidson

Equity Bancshares (NASDAQ:EQBK) had its price objective dropped by DA Davidson from $50.00 to $46.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective suggests a potential upside of 8.72% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group lifted their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stephens upgraded Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 price target on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.40.

Equity Bancshares Price Performance

EQBK traded down $0.29 during trading on Thursday, hitting $42.31. The company’s stock had a trading volume of 24,121 shares, compared to its average volume of 65,088. The firm’s 50 day moving average price is $44.81 and its two-hundred day moving average price is $41.97. The stock has a market capitalization of $646.92 million, a price-to-earnings ratio of 38.46 and a beta of 0.92. 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 12 month low of $30.44 and a 12 month high of $50.85.

Institutional Trading of Equity Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Equity Bancshares in the fourth quarter valued at about $54,000. BNP Paribas Financial Markets boosted its holdings in shares of Equity Bancshares by 7.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after purchasing an additional 232 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Equity Bancshares in the 3rd quarter valued at $203,000. SG Americas Securities LLC raised its holdings in shares of Equity Bancshares by 74.1% during the 3rd quarter. SG Americas Securities LLC now owns 5,052 shares of the bank’s stock worth $207,000 after buying an additional 2,150 shares in the last quarter. Finally, Triune Financial Partners LLC bought a new position in Equity Bancshares in the third quarter valued at about $268,000. 71.80% of the stock is owned by institutional investors.

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.