Equity BancShares (EQBK) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Equity BancShares (NASDAQ:EQBK)‘s stock had its “buy” rating restated by analysts at Keefe, Bruyette & Woods in a report issued on Friday. They currently have a $45.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 23.97% from the company’s current price.

A number of other brokerages also recently issued reports on EQBK. BidaskClub upgraded Equity BancShares from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Equity BancShares presently has an average rating of “Hold” and a consensus target price of $33.00.

Shares of Equity BancShares (NASDAQ:EQBK) traded down $0.35 on Friday, hitting $36.30. The stock had a trading volume of 52,985 shares, compared to its average volume of 47,420. The company has a market cap of $440.67, a P/E ratio of 26.69 and a beta of 1.02. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. Equity BancShares has a 12-month low of $29.13 and a 12-month high of $36.99.

In other news, Director Michael R. Downing sold 10,023 shares of Equity BancShares stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $35.00, for a total transaction of $350,805.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EQBK. SG Americas Securities LLC purchased a new position in shares of Equity BancShares during the 3rd quarter valued at about $109,000. Brandywine Global Investment Management LLC purchased a new position in shares of Equity BancShares during the 2nd quarter valued at about $118,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Equity BancShares during the 1st quarter valued at about $164,000. Wells Fargo & Company MN raised its holdings in shares of Equity BancShares by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 5,775 shares of the bank’s stock valued at $177,000 after buying an additional 103 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Equity BancShares by 53.4% during the 2nd quarter. Nationwide Fund Advisors now owns 6,375 shares of the bank’s stock valued at $195,000 after buying an additional 2,218 shares in the last quarter. 61.82% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Equity BancShares (EQBK) Stock Rating Reaffirmed by Keefe, Bruyette & Woods” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/22/equity-bancshares-eqbk-stock-rating-reaffirmed-by-keefe-bruyette-woods.html.

Equity BancShares Company Profile

Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.

Receive News & Ratings for Equity BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity BancShares and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit