Janney Montgomery Scott Begins Coverage on Equity Bancshares (NASDAQ:EQBK)

Research analysts at Janney Montgomery Scott started coverage on shares of Equity Bancshares (NASDAQ:EQBK - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set a "neutral" rating on the bank's stock.

A number of other equities analysts have also commented on EQBK. Stephens cut their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. DA Davidson dropped their target price on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Hovde Group increased their price target on Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Equity Bancshares has a consensus rating of "Moderate Buy" and a consensus target price of $47.20.

Equity Bancshares Stock Up 1.2 %

Shares of EQBK traded up $0.44 during mid-day trading on Thursday, reaching $36.02. 36,830 shares of the stock traded hands, compared to its average volume of 54,725. The stock has a fifty day simple moving average of $41.45 and a 200 day simple moving average of $42.95. Equity Bancshares has a 12-month low of $30.98 and a 12-month high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a market cap of $630.59 million, a price-to-earnings ratio of 9.05 and a beta of 0.73.

Institutional Trading of Equity Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Equity Bancshares in the 4th quarter worth approximately $54,000. Aquatic Capital Management LLC bought a new position in Equity Bancshares during the fourth quarter worth $98,000. Quantbot Technologies LP boosted its holdings in Equity Bancshares by 139.9% in the fourth quarter. Quantbot Technologies LP now owns 2,725 shares of the bank's stock worth $116,000 after purchasing an additional 1,589 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Equity Bancshares during the fourth quarter valued at $119,000. Finally, GAMMA Investing LLC increased its stake in 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 during the last quarter. 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.