Equity Bancshares (NASDAQ:EQBK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Equity Bancshares (NASDAQ:EQBK) had its target price raised by equities researchers at Keefe, Bruyette & Woods from $45.00 to $47.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.16% from the stock’s current price.

Separately, DA Davidson raised their price objective on Equity Bancshares from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Equity Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $48.40.

Equity Bancshares Stock Up 6.0%

Equity Bancshares stock opened at $42.67 on Thursday. The business’s 50-day simple moving average is $40.17 and its two-hundred day simple moving average is $39.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $819.94 million, a PE ratio of 10.72 and a beta of 0.83. Equity Bancshares has a fifty-two week low of $34.11 and a fifty-two week high of $50.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EQBK. Wellington Management Group LLP grew its position in Equity Bancshares by 740.0% in the fourth quarter. Wellington Management Group LLP now owns 577,230 shares of the bank’s stock worth $24,486,000 after acquiring an additional 508,509 shares during the period. CSM Advisors LLC purchased a new position in Equity Bancshares in the second quarter worth approximately $4,713,000. Kennedy Capital Management LLC grew its position in Equity Bancshares by 96.2% in the second quarter. Kennedy Capital Management LLC now owns 213,333 shares of the bank’s stock worth $8,704,000 after acquiring an additional 104,613 shares during the period. FJ Capital Management LLC grew its position 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 worth $47,823,000 after acquiring an additional 100,219 shares during the period. Finally, American Century Companies Inc. grew its position in Equity Bancshares by 110.7% in the second quarter. American Century Companies Inc. now owns 144,982 shares of the bank’s stock worth $5,915,000 after acquiring an additional 76,167 shares during the period. 71.80% of the stock is currently 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.