Equity Bancshares, Inc. (NYSE:EQBK) Stock Has Consensus Price Target of $55.33 According to Analysts

Equity Bancshares, Inc. (NYSE:EQBK – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $54.00.

A number of equities analysts have recently weighed in on the company. Hovde Group increased their target price on Equity Bancshares from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Friday, September 4th. Benchmark assumed coverage on Equity Bancshares in a research note on Wednesday, June 24th. They issued a “buy” rating and a $57.00 price target for the company. Stephens upped their price objective on Equity Bancshares from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Piper Sandler cut Equity Bancshares from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $60.00 to $52.00 in a research report on Friday. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Equity Bancshares in a report on Monday, June 22nd.

Check Out Our Latest Stock Analysis on Equity Bancshares

Insider Buying and Selling

In related news, Director Donald Scott Rogerson purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average price of $50.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director directly owned 10,103 shares in the company, valued at $505,150. This trade represents a 24.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Julie A. Huber sold 5,303 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $51.05, for a total transaction of $270,718.15. Following the sale, the chief operating officer directly owned 62,009 shares of the company’s stock, valued at $3,165,559.45. This represents a 7.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 4,989 shares of company stock valued at $250,919 and sold 24,500 shares valued at $1,250,951. Corporate insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On Equity Bancshares

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Equity Bancshares during the 2nd quarter worth approximately $3,967,000. HB Wealth Management LLC acquired a new position in Equity Bancshares during the first quarter valued at approximately $1,585,000. Kennedy Capital Management LLC raised its position in Equity Bancshares by 37.2% during the fourth quarter. Kennedy Capital Management LLC now owns 279,264 shares of the company’s stock valued at $12,469,000 after purchasing an additional 75,785 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Equity Bancshares by 310.3% during the first quarter. Hsbc Holdings PLC now owns 28,042 shares of the company’s stock worth $1,245,000 after purchasing an additional 21,207 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Equity Bancshares by 98.7% during the first quarter. Bank of America Corp DE now owns 32,616 shares of the company’s stock worth $1,448,000 after purchasing an additional 16,200 shares during the last quarter. 71.80% of the stock is owned by institutional investors.

Equity Bancshares Stock Performance

NYSE EQBK opened at $47.69 on Monday. The stock has a market cap of $981.92 million, a PE ratio of 28.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day moving average of $49.89 and a 200-day moving average of $47.65. Equity Bancshares has a 52-week low of $38.60 and a 52-week high of $52.27.

Equity Bancshares (NYSE:EQBK – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.34%. The business had revenue of $81.93 million for the quarter, compared to analyst estimates of $85.10 million. On average, sell-side analysts anticipate that Equity Bancshares will post 5.16 EPS for the current year.

Equity Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.22 per share. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Equity Bancshares’s dividend payout ratio (DPR) is currently 52.69%.

Equity Bancshares Company Profile

(Get Free Report)

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its subsidiary, Equity Bank, the company provides community banking services to individuals, businesses, agricultural customers and public-sector organizations.

Equity Bank offers checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer financing, agricultural loans and commercial lines of credit. Its business banking services also include treasury management, cash management, electronic banking and other financial solutions designed to support operating and borrowing needs.

Founded in 2002, Equity Bancshares has expanded through organic growth and acquisitions.

Further Reading

Analyst Recommendations for Equity Bancshares (NYSE:EQBK)

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