Janney starts Equity Bancshares with a Neutral, $42 fair value estimate

As previously reported, Janney Montgomery Scott analyst John Rodis initiated coverage of Equity Bancshares (EQBK) with a Neutral rating and $42 fair value estimate. The firm, which highlights the bank’s “sound fundamentals” and potential for strategic acquisitions, believes the shares should trade at a “modest premium to the peer group.”