Equity Bancshares (NASDAQ:EQBK) PT Raised to $45.00

Equity Bancshares (NASDAQ:EQBK) had its target price boosted by Stephens from $39.00 to $45.00 in a research note published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Separately, Piper Sandler lifted their price objective on Equity Bancshares from $38.00 to $40.00 and gave the stock an overweight rating in a research report on Thursday, June 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $39.00.

Equity Bancshares Stock Up 0.5 %

NASDAQ EQBK opened at $39.79 on Thursday. Equity Bancshares has a 1 year low of $22.78 and a 1 year high of $41.50. The stock has a market capitalization of $606.80 million, a PE ratio of 66.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $34.55 and its 200 day moving average is $33.48.

Equity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.21%. Equity Bancshares’s payout ratio is 80.00%.

Insider Transactions at Equity Bancshares

In other news, Director Junetta M. Everett purchased 2,903 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $34.50 per share, for a total transaction of $100,153.50. Following the completion of the transaction, the director now directly owns 9,813 shares of the company’s stock, valued at approximately $338,548.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Equity Bancshares

Several hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new position in shares of Equity Bancshares during the first quarter valued at approximately $42,000. Vanguard Group Inc. increased its position in Equity Bancshares by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 754,069 shares of the bank’s stock valued at $25,917,000 after buying an additional 10,868 shares in the last quarter. Foundry Partners LLC purchased a new position in Equity Bancshares during the first quarter valued at $364,000. Empowered Funds LLC boosted its holdings in Equity Bancshares by 8.0% in the first quarter. Empowered Funds LLC now owns 75,240 shares of the bank’s stock worth $2,586,000 after acquiring an additional 5,600 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Equity Bancshares by 97.0% in the first quarter. BNP Paribas Financial Markets now owns 7,190 shares of the bank’s stock worth $247,000 after acquiring an additional 3,541 shares during 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.