Equity Bancshares (NASDAQ:EQBK) Price Target Cut to $49.00 by Analysts at Stephens

Equity Bancshares (NASDAQ:EQBK) had its price target reduced by investment analysts at Stephens from $52.00 to $49.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Stephens’ price target points to a potential upside of 12.99% from the stock’s current price.

EQBK has been the subject of several other reports. DA Davidson cut their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group raised their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Price Performance

NASDAQ:EQBK traded up $0.02 during trading hours on Friday, hitting $43.37. The stock had a trading volume of 7,174 shares, compared to its average volume of 68,355. The company has a 50 day simple moving average of $44.81 and a two-hundred day simple moving average of $41.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares has a one year low of $30.44 and a one year high of $50.85. The firm has a market capitalization of $663.05 million, a price-to-earnings ratio of 10.90 and a beta of 0.92.

Institutional Trading of Equity Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Sippican Capital Advisors lifted its stake in Equity Bancshares by 7.9% in the fourth quarter. Sippican Capital Advisors now owns 19,064 shares of the bank’s stock worth $809,000 after purchasing an additional 1,397 shares during the last quarter. R Squared Ltd purchased a new position in shares of Equity Bancshares in the fourth quarter valued at about $54,000. SG Americas Securities LLC increased its position in shares of Equity Bancshares by 19.6% in the fourth quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock valued at $256,000 after acquiring an additional 991 shares during the period. JPMorgan Chase & Co. increased its position in shares of Equity Bancshares by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock valued at $14,735,000 after acquiring an additional 17,431 shares during the period. Finally, Barclays PLC increased its position in shares of Equity Bancshares by 247.2% in the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock valued at $953,000 after acquiring an additional 16,595 shares during the period. 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.