Equity Bancshares (NASDAQ:EQBK) Given New $44.00 Price Target at Piper Sandler

Equity Bancshares (NASDAQ:EQBK) had its price target trimmed by Piper Sandler from $46.00 to $44.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the bank’s stock.

EQBK has been the topic of a number of other research reports. Janney Montgomery Scott assumed coverage on Equity Bancshares in a research note on Thursday, April 3rd. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods reduced their target price on Equity Bancshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Monday, April 7th. DA Davidson decreased their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Hovde Group increased their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Stephens decreased their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Equity Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $46.60.

Equity Bancshares Trading Down 0.1 %

EQBK opened at $36.38 on Thursday. The firm has a 50 day simple moving average of $40.00 and a 200 day simple moving average of $42.59. Equity Bancshares has a fifty-two week low of $30.98 and a fifty-two week high of $50.85. The company has a market cap of $636.99 million, a price-to-earnings ratio of 9.14 and a beta of 0.73. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, March 31st. Equity Bancshares’s dividend payout ratio (DPR) is presently 15.27%.

Institutional Trading of Equity Bancshares

A number of large investors have recently bought and sold shares of EQBK. BNP Paribas Financial Markets lifted its stake in Equity Bancshares by 7.8% in the third quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock valued at $131,000 after buying an additional 232 shares in the last quarter. State Street Corp increased its position in shares of Equity Bancshares by 2.6% during the third quarter. State Street Corp now owns 314,889 shares of the bank’s stock worth $12,919,000 after acquiring an additional 8,103 shares in the last quarter. Barclays PLC raised its holdings in shares of Equity Bancshares by 247.2% during the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock worth $953,000 after acquiring an additional 16,595 shares during the period. JPMorgan Chase & Co. lifted its position in Equity Bancshares by 5.1% in the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Equity Bancshares by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 6,043 shares of the bank’s stock worth $256,000 after purchasing an additional 991 shares during the period. 71.80% of the stock is owned by institutional investors.

About Equity Bancshares

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.