Equity BancShares (NASDAQ:EQBK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $40.00 target price on the bank’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.44% from the company’s current price.

According to Zacks, “Equity Bancshares, Inc. operates as a bank holding company primarily in Kansas and Missouri. The company provides financial services primarily to businesses, business owners and individuals. It offers certificates of deposits, individual retirement and money market accounts, home equity lines of credit, credit cards, mortgages, treasury management, personal and business loans, investment services. Equity Bancshares, Inc. is headquartered in Wichita, Kansas. “

Several other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 target price on shares of Equity BancShares in a research report on Tuesday, October 3rd. BidaskClub cut Equity BancShares from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.75.

Equity BancShares (EQBK) traded up $0.33 during trading on Friday, hitting $36.22. The company had a trading volume of 69,765 shares, compared to its average volume of 66,989. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. Equity BancShares has a 12 month low of $29.13 and a 12 month high of $36.99. The stock has a market capitalization of $435.04 and a PE ratio of 26.44.

In other Equity BancShares news, Director Michael R. Downing sold 10,023 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $35.00, for a total value of $350,805.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 14.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Equity BancShares by 1.8% in the second quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock worth $177,000 after purchasing an additional 103 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Equity BancShares by 53.4% during the 2nd quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock valued at $195,000 after buying an additional 2,218 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Equity BancShares during the 3rd quarter valued at about $109,000. Thomson Horstmann & Bryant Inc. lifted its position in shares of Equity BancShares by 2.6% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 145,134 shares of the bank’s stock valued at $5,139,000 after buying an additional 3,657 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Equity BancShares during the 2nd quarter valued at about $118,000. 51.78% of the stock is currently owned by institutional investors and hedge funds.

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Equity BancShares Company Profile

Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.

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