Analysts Set Equity Bancshares, Inc. (NASDAQ:EQBK) PT at $48.00

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $47.20.

Several analysts recently weighed in on EQBK shares. Hovde Group boosted their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price target on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research report on Monday. Janney Montgomery Scott assumed coverage on Equity Bancshares in a research report on Thursday, April 3rd. They set a "neutral" rating for the company. DA Davidson decreased their target price on shares of Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Finally, Stephens dropped their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th.

Institutional Investors Weigh In On Equity Bancshares

A number of large investors have recently bought and sold shares of EQBK. Charles Schwab Investment Management Inc. boosted its position in shares of Equity Bancshares by 175.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank's stock worth $4,590,000 after purchasing an additional 71,547 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank's stock worth $131,000 after buying an additional 232 shares during the period. Captrust Financial Advisors boosted its holdings in Equity Bancshares by 4.1% in the third quarter. Captrust Financial Advisors now owns 37,735 shares of the bank's stock worth $1,543,000 after acquiring an additional 1,481 shares in the last quarter. PDT Partners LLC acquired a new stake in Equity Bancshares in the third quarter valued at approximately $282,000. Finally, State Street Corp increased its holdings 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 valued at $12,919,000 after acquiring an additional 8,103 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Equity Bancshares Trading Up 0.4 %

NASDAQ:EQBK traded up $0.16 during mid-day trading on Thursday, hitting $35.74. 38,161 shares of the company's stock were exchanged, compared to its average volume of 54,737. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a fifty-two week low of $30.98 and a fifty-two week high of $50.85. The company has a 50 day simple moving average of $41.45 and a 200-day simple moving average of $42.95. The firm has a market capitalization of $625.77 million, a P/E ratio of 8.90 and a beta of 0.73.

Equity Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.68%. Equity Bancshares's payout ratio is presently 15.08%.

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.