Stephens Issues Pessimistic Forecast for Equity Bancshares (NASDAQ:EQBK) Stock Price

Equity Bancshares (NASDAQ:EQBK) had its target price reduced by equities research analysts at Stephens from $52.00 to $49.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Stephens’ target price points to a potential upside of 13.25% from the company’s current price.

A number of other brokerages have also recently commented on EQBK. Hovde Group lifted their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday. DA Davidson reduced 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Stock Performance

NASDAQ:EQBK opened at $43.27 on Friday. The company has a market capitalization of $661.55 million, a price-to-earnings ratio of 10.87 and a beta of 0.92. 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 has a 1-year low of $30.44 and a 1-year high of $50.85. The business has a 50 day moving average of $44.65 and a 200 day moving average of $42.10.

Institutional Investors Weigh In On Equity Bancshares

Institutional investors have recently modified their holdings of the business. Foundry Partners LLC lifted its stake in Equity Bancshares by 13.8% during the 3rd quarter. Foundry Partners LLC now owns 119,525 shares of the bank’s stock valued at $4,886,000 after acquiring an additional 14,540 shares during the period. Barclays PLC lifted its position in Equity Bancshares by 247.2% during the third quarter. Barclays PLC now owns 23,308 shares of the bank’s stock valued at $953,000 after purchasing an additional 16,595 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Equity Bancshares by 175.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 112,292 shares of the bank’s stock worth $4,590,000 after purchasing an additional 71,547 shares during the last quarter. JPMorgan Chase & Co. grew its position in Equity Bancshares by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,457 shares of the bank’s stock worth $14,735,000 after purchasing an additional 17,431 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Equity Bancshares during the 3rd quarter valued at $2,809,000. 71.80% of the stock is owned by hedge funds and other institutional investors.

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.