Equity Bancshares, Inc. (NASDAQ:EQBK) Receives Average Recommendation of "Moderate Buy" from Brokerages

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $46.60.

A number of research firms have recently weighed in on EQBK. DA Davidson lowered their price target on shares of Equity Bancshares from $40.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price objective 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. Hovde Group upped their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating for the company. Finally, Piper Sandler reduced their price objective on Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th.

Equity Bancshares Stock Performance

NASDAQ:EQBK opened at $38.11 on Monday. Equity Bancshares has a 1-year low of $31.75 and a 1-year high of $50.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. The firm's fifty day moving average price is $39.13 and its 200 day moving average price is $42.54. The firm has a market cap of $667.27 million, a price-to-earnings ratio of 9.58 and a beta of 0.73.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. Equity Bancshares's dividend payout ratio is currently 15.27%.

Institutional Trading of Equity Bancshares

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Equity Bancshares by 81,650.0% during the first quarter. GAMMA Investing LLC now owns 3,270 shares of the bank's stock valued at $129,000 after purchasing an additional 3,266 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Equity Bancshares by 740.0% during the fourth quarter. Wellington Management Group LLP now owns 577,230 shares of the bank's stock valued at $24,486,000 after acquiring an additional 508,509 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Equity Bancshares by 26.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,773 shares of the bank's stock worth $924,000 after acquiring an additional 4,554 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Equity Bancshares by 5.3% during the 4th quarter. Two Sigma Advisers LP now owns 33,800 shares of the bank's stock valued at $1,434,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Equity Bancshares by 35.4% in the fourth quarter. Two Sigma Investments LP now owns 45,912 shares of the bank's stock valued at $1,948,000 after acquiring an additional 12,013 shares during the last quarter. Institutional investors and hedge funds own 71.80% of the company's stock.

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.

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