DA Davidson raised the firm’s price target on Equity Bancshares (EQBK) to $45 from $44 and keeps a Neutral rating on the shares. The firm is raising its EPS estimates and price target on the net positive impact of the announced Frontier Holdings LLC acquisition and loss trade transaction, while also noting the offsetting negative impact to tangible book value, the analyst tells investors in a research note.
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Read More on EQBK:
- Equity Bancshares Announces Merger with Frontier Holdings
- Equity Bancshares to acquire Frontier Holdings, sees accretion
- Equity Bancshares files to sell 1.73M shares of Class A common stock for holders
- Equity Bancshares Completes $75M Subordinated Notes Offering
- Equity Bancshares price target raised to $44 from $39 at DA Davidson