Keefe, Bruyette & Woods Has Lowered Expectations for Equity Bancshares (NASDAQ:EQBK) Stock Price

Equity Bancshares (NASDAQ:EQBK - Free Report) had its price target decreased by Keefe, Bruyette & Woods from $46.00 to $44.00 in a research note released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank's stock.

EQBK has been the topic of several other research reports. Stephens cut their price target on 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 cut their target price on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Hovde Group boosted their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott began coverage on shares of Equity Bancshares in a report on Thursday, April 3rd. They issued a "neutral" rating on the stock. 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.com, Equity Bancshares has a consensus rating of "Moderate Buy" and an average price target of $47.20.

Equity Bancshares Stock Performance

EQBK traded up $0.33 on Monday, hitting $35.36. 83,265 shares of the company's stock were exchanged, compared to its average volume of 55,597. 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 stock has a fifty day moving average of $40.50 and a two-hundred day moving average of $42.70. Equity Bancshares has a twelve month low of $30.98 and a twelve month high of $50.85. The firm has a market cap of $619.15 million, a PE ratio of 8.88 and a beta of 0.73.

Equity Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, March 31st. Equity Bancshares's dividend payout ratio (DPR) is 15.08%.

Hedge Funds Weigh In On Equity Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of Equity Bancshares by 11.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,528,145 shares of the bank's stock worth $64,824,000 after acquiring an additional 153,528 shares during the period. Patriot Financial Partners GP LP lifted its position in Equity Bancshares by 21.5% in the fourth quarter. Patriot Financial Partners GP LP now owns 1,217,214 shares of the bank's stock worth $51,634,000 after purchasing an additional 215,000 shares during the period. FJ Capital Management LLC boosted its stake in Equity Bancshares by 9.8% during the 4th quarter. FJ Capital Management LLC now owns 1,127,376 shares of the bank's stock valued at $47,823,000 after purchasing an additional 100,219 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Equity Bancshares by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 840,934 shares of the bank's stock valued at $35,672,000 after purchasing an additional 37,187 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Equity Bancshares by 740.0% in the 4th quarter. Wellington Management Group LLP now owns 577,230 shares of the bank's stock worth $24,486,000 after buying an additional 508,509 shares in the last quarter. Institutional investors 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.