Keefe, Bruyette & Woods Lowers Equity Bancshares (NASDAQ:EQBK) Price Target to $44.00

Equity Bancshares (NASDAQ:EQBK) had its price objective decreased by Keefe, Bruyette & Woods from $46.00 to $44.00 in a research report issued to clients and investors on Monday,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 22.61% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Hovde Group upped their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Stephens dropped their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Janney Montgomery Scott initiated coverage on Equity Bancshares in a research report on Thursday. They issued a “neutral” rating for the company. Finally, DA Davidson cut their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.20.

Equity Bancshares Trading Down 2.4 %

Shares of EQBK stock opened at $35.89 on Monday. The company has a 50 day moving average of $41.63 and a 200-day moving average of $43.00. Equity Bancshares has a 12-month low of $30.98 and a 12-month high of $50.85. The firm has a market cap of $628.31 million, a P/E ratio of 9.02 and a beta of 0.73. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Equity Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of EQBK. T. Rowe Price Investment Management Inc. increased its holdings in shares of Equity Bancshares by 11.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,528,145 shares of the bank’s stock worth $64,824,000 after buying an additional 153,528 shares during the last quarter. Patriot Financial Partners GP LP increased its stake in Equity Bancshares by 21.5% in the fourth quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank’s stock valued at $51,634,000 after acquiring an additional 215,000 shares during the last quarter. FJ Capital Management LLC increased its stake in Equity Bancshares by 9.8% in the fourth quarter. FJ Capital Management LLC now owns 1,127,376 shares of the bank’s stock valued at $47,823,000 after acquiring an additional 100,219 shares during the last quarter. Vanguard Group Inc. raised its position in Equity Bancshares by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 840,934 shares of the bank’s stock valued at $35,672,000 after purchasing an additional 37,187 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Equity Bancshares by 740.0% during the fourth quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock worth $24,486,000 after purchasing an additional 508,509 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 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.