Piper Sandler raises Equity Bancshares stock price target on costs

Piper Sandler has raised its price target on Equity Bancshares Inc. (EQBK) to $53 from $52, while keeping a Neutral rating. The stock is currently trading at $47.63, indicating upside potential. The analyst revised its fourth-quarter 2026 operating earnings per share estimate to $1.29 from $1.28 and its 2027 estimate to $5.60 from $5.45.

The revised estimates are based on lower operating expense expectations that offset reduced net interest income and net interest margin projections. The new price target is derived from 9.5 times the firm’s 2027 earnings per share estimate, and EQBK currently trades at a P/E ratio of 26.48.

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