Equity Bancshares price target lowered to $44 from $46 at Piper Sandler

Piper Sandler lowered the firm’s price target on Equity Bancshares (EQBK) to $44 from $46 and keeps an Overweight rating on the shares following quarterly results. The firm’s model adjustments include a slightly smaller earning asset base, lower fee income and higher provisions to account for increased economic uncertainty.