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.
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.
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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.
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