Equity Bancshares price target lowered to $46 from $50 at DA Davidson

DA Davidson lowered the firm’s price target on Equity Bancshares (EQBK) to $46 from $50 and keeps a Neutral rating on the shares. The company’s Q4 earnings topped estimates and the firm was encouraged by core net interest margins advancing, although there were plenty of distractions around loan growth, fee income, expenses and even credit that clouded the picture, the analyst tells investors in a research note.