Equity Bancshares (NASDAQ:EQBK) Price Target Lowered to $44.00 at Piper Sandler

Equity Bancshares (NASDAQ:EQBK - Get Free Report) had its target price lowered by equities researchers at Piper Sandler from $46.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the bank's stock. Piper Sandler's price objective would suggest a potential upside of 19.45% from the company's previous close.

A number of other equities research analysts also recently weighed in on the company. Stephens cut their price target on Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods lowered their price target on Equity Bancshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research note on Monday, April 7th. Janney Montgomery Scott began coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They set a "neutral" rating for the company. DA Davidson decreased their price target on shares of Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Finally, Hovde Group lifted their target price on Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Equity Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $46.60.

Equity Bancshares Price Performance

NASDAQ EQBK traded up $0.43 during trading hours on Thursday, reaching $36.84. 16,333 shares of the company's stock were exchanged, compared to its average volume of 56,067. Equity Bancshares has a one year low of $30.98 and a one year high of $50.85. The stock has a market cap of $644.94 million, a PE ratio of 9.26 and a beta of 0.73. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $40.00 and a 200-day moving average of $42.59.

Hedge Funds Weigh In On Equity Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Equity Bancshares in the fourth quarter valued at approximately $54,000. Aquatic Capital Management LLC acquired a new position in Equity Bancshares in the fourth quarter valued at about $98,000. Quantbot Technologies LP lifted its position in Equity Bancshares by 139.9% during 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 acquired a new stake in Equity Bancshares during the fourth quarter worth about $119,000. Finally, BNP Paribas Financial Markets raised its position in shares of Equity Bancshares by 7.8% in the 3rd 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. Institutional investors and hedge funds own 71.80% of the company's stock.

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.

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