Keefe Bruyette raised the firm’s price target on Equity Bancshares (EQBK) to $47 from $45 and keeps a Market Perform rating on the shares. The firm views the acquisition of Frontier Bank in a $122M stock and cash deal and balance sheet repositioning favorably, the analyst tells investors in a research note.
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Read More on EQBK:
- Equity Bancshares price target raised to $45 from $44 at DA Davidson
- 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