Equity Bancshares price target raised to $58 from $57 at Piper Sandler

Piper Sandler raised the firm’s price target on Equity Bancshares (EQBK) to $58 from $57 and keeps an Overweight rating on the shares. The firm believes Wednesday’s underperformance was unwarranted and presents an attractive entry point. In Piper’s view, steady core net interest margin expansion, a restoration of at least mid-single-digit organic loan growth, and well-managed operating expenses will likely help drive upside to guidance and continued above average profitability.