Analysts Set Equity Bancshares, Inc. (NASDAQ:EQBK) PT at $48.00

Equity Bancshares, Inc. (NASDAQ:EQBK) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $48.00.

Several research firms recently commented on EQBK. 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. Janney Montgomery Scott started coverage on shares of Equity Bancshares in a research report on Thursday. They issued a “neutral” rating for the company. Stephens reduced their target price 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. Finally, 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 report on Thursday, January 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Equity Bancshares by 7.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,213 shares of the bank’s stock worth $131,000 after buying an additional 232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Equity Bancshares by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank’s stock worth $346,000 after purchasing an additional 322 shares in the last quarter. Invesco Ltd. boosted its position in Equity Bancshares by 1.5% in the 4th quarter. Invesco Ltd. now owns 26,266 shares of the bank’s stock valued at $1,114,000 after buying an additional 387 shares during the last quarter. Legal & General Group Plc boosted its holdings in Equity Bancshares by 3.0% in the fourth quarter. Legal & General Group Plc now owns 14,033 shares of the bank’s stock valued at $595,000 after purchasing an additional 414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Equity Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank’s stock worth $4,794,000 after purchasing an additional 721 shares during the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

Equity Bancshares Stock Down 2.4 %

EQBK stock opened at $35.89 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. Equity Bancshares has a one year low of $30.98 and a one year high of $50.85. The firm’s fifty day moving average is $41.63 and its 200 day moving average is $42.99. The firm has a market cap of $628.31 million, a PE ratio of 9.02 and a beta of 0.73.

Equity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.67%. Equity Bancshares’s dividend payout ratio (DPR) is currently 15.08%.

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.