Brokerages Set Equity Bancshares, Inc. (NYSE:EQBK) Target Price at $52.67

Shares of Equity Bancshares, Inc. (NYSE:EQBK) have received an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $52.6667.

EQBK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Equity Bancshares from $47.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Zacks Research cut Equity Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Wall Street Zen upgraded Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. DA Davidson boosted their target price on Equity Bancshares from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Bancshares in a research note on Monday, December 29th.

Equity Bancshares Stock Down 1.3%

Equity Bancshares stock opened at $43.54 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.92 and a quick ratio of 0.91. The company’s 50-day moving average is $45.88 and its 200-day moving average is $43.77. The firm has a market capitalization of $913.90 million, a PE ratio of 33.24 and a beta of 0.86. Equity Bancshares has a fifty-two week low of $34.11 and a fifty-two week high of $50.07.

Equity Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, March 31st. Equity Bancshares’s payout ratio is currently 54.96%.

Hedge Funds Weigh In On Equity Bancshares

Several large investors have recently modified their holdings of EQBK. State of Alaska Department of Revenue bought a new position in Equity Bancshares in the 3rd quarter valued at about $28,000. Osaic Holdings Inc. lifted its position in Equity Bancshares by 282.0% during the second quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after acquiring an additional 502 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Equity Bancshares by 132.0% during the fourth quarter. Royal Bank of Canada now owns 972 shares of the company’s stock worth $44,000 after acquiring an additional 553 shares during the period. State of Wyoming bought a new stake in shares of Equity Bancshares during the second quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Equity Bancshares by 233.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $79,000 after purchasing an additional 1,347 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.