Equity Bancshares (EQBK) PT Lowered to $39 at DA Davidson

DA Davidson analyst Jeff Rulis lowered the price target on Equity Bancshares (NYSE: EQBK) to $39.00 (from $40.00) while maintaining a Neutral rating.

The analyst comments "Our forward EPS outlook is unchanged, despite the negative variance in 1Q25, given greater NIM support. Credit quality saw progress and origination activity picked up. The growth engine is heating up at EQBK, both as the organic pipeline builds and M&A activity does not appear to be negatively impacted by recent market volatility. We are NEUTRAL with a revised $39 target."

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