Equity Bancshares, Inc. (NYSE:EQBK) Announces Quarterly Dividend of $0.22

Equity Bancshares, Inc. (NYSE:EQBK) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.22 per share on Thursday, October 15th. This represents a $0.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 22.2% increase from Equity Bancshares’s previous quarterly dividend of $0.18.

Equity Bancshares has a payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Equity Bancshares to earn $5.51 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 16.0%.

Equity Bancshares Stock Up 0.2%

NYSE:EQBK opened at $48.48 on Monday. Equity Bancshares has a 52 week low of $38.60 and a 52 week high of $52.27. The stock’s fifty day moving average is $50.13 and its two-hundred day moving average is $47.54. The stock has a market capitalization of $998.12 million, a price-to-earnings ratio of 29.03 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.58.

Equity Bancshares (NYSE:EQBK) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. The business had revenue of $81.93 million during the quarter, compared to analysts’ expectations of $85.10 million. Equity Bancshares had a return on equity of 13.34% and a net margin of 8.26%. Research analysts anticipate that Equity Bancshares will post 5.16 EPS for the current year.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a community-focused financial institution headquartered in Wichita, Kansas. The company provides banking services to individuals, families, businesses, agricultural customers and government entities through its branch network and digital banking channels.

Equity Bank’s products and services include checking and savings accounts, certificates of deposit, consumer lending, residential mortgages, commercial and industrial loans, commercial real estate financing, agricultural loans, treasury management and other business banking services.