Equity Bancshares (EQBK) PT Raised to $49 at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods analyst Damon DelMonte raised the price target on Equity Bancshares (NYSE: EQBK) to $49.00 (from $47.00) while maintaining a Market Perform rating.

The analyst commented: "Operating earnings of $1.20/ sh came in better than expectations as slightly weaker PPNR was more than offset by a lower provision and tax rate. PPNR benefited from stronger revenues (higher margin and broad-based fee income beat), while a couple of nonrecurring items weighed on expenses. Loan originations remained strong, but elevated payoffs ultimately resulted in a 7% LQA decline in balances while deposits increased 3% LQA as strong core growth more than offset brokered CD runoff. After fine-tuning our model for management’s guidance, the bottom-line impact to our model is neutral, leading us to maintain our estimates for both 2026 and 2027. Bumping our target to $49 while maintaining our Market Perform rating."

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