Analysts Set Equity Bancshares, Inc. (NASDAQ:EQBK) Target Price at $50.40

Shares of Equity Bancshares, Inc. (NASDAQ:EQBK) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $50.40.

A number of research analysts have recently commented on EQBK shares. DA Davidson restated a “neutral” rating and issued a $45.00 target price on shares of Equity Bancshares in a research note on Thursday, October 16th. Piper Sandler started coverage on Equity Bancshares in a research report on Wednesday, October 8th. They set an “overweight” rating and a $54.00 price objective for the company.

Institutional Trading of Equity Bancshares

Hedge funds have recently made changes to their positions in the stock. FJ Capital Management LLC increased its position in Equity Bancshares by 8.6% during the 3rd quarter. FJ Capital Management LLC now owns 1,222,791 shares of the bank’s stock valued at $49,768,000 after buying an additional 96,695 shares in the last quarter. Patriot Financial Partners GP II L.P. bought a new stake in Equity Bancshares in the third quarter worth $49,541,000. Vanguard Group Inc. grew its stake in shares of Equity Bancshares by 2.5% in the third quarter. Vanguard Group Inc. now owns 921,826 shares of the bank’s stock worth $37,518,000 after acquiring an additional 22,233 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Equity Bancshares by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 761,014 shares of the bank’s stock valued at $30,974,000 after acquiring an additional 3,765 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Equity Bancshares by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 692,721 shares of the bank’s stock worth $28,194,000 after purchasing an additional 8,529 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Price Performance

Shares of NASDAQ EQBK opened at $45.76 on Friday. Equity Bancshares has a 1 year low of $34.11 and a 1 year high of $48.14. The stock has a market capitalization of $872.92 million, a P/E ratio of 11.50 and a beta of 0.87. The company’s 50-day moving average is $44.15 and its 200 day moving average is $41.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86.

Equity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, December 31st. Equity Bancshares’s dividend payout ratio is 60.00%.

Equity Bancshares Company Profile

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.