Equity Bancshares, Inc. (NYSE:EQBK) to Issue Quarterly Dividend of $0.18

Equity Bancshares, Inc. (NYSE:EQBK) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.18 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, June 30th.

Equity Bancshares has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Equity Bancshares to earn $5.27 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.7%.

Equity Bancshares Trading Up 0.2%

Shares of NYSE EQBK traded up $0.08 during trading hours on Friday, hitting $45.84. 13,449 shares of the company traded hands, compared to its average volume of 105,736. The company’s 50 day moving average price is $44.92 and its 200 day moving average price is $45.01. Equity Bancshares has a 12 month low of $36.04 and a 12 month high of $50.07. The stock has a market capitalization of $946.03 million, a price-to-earnings ratio of 36.38 and a beta of 0.78. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

Equity Bancshares (NYSE:EQBK) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.15 by $0.17. Equity Bancshares had a net margin of 6.15% and a return on equity of 12.85%. The company had revenue of $83.26 million during the quarter, compared to analyst estimates of $85.24 million. On average, equities research analysts anticipate that Equity Bancshares will post 5.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods upped their price objective on Equity Bancshares from $47.00 to $49.00 and gave the company a “market perform” rating in a research report on Friday, January 23rd. Piper Sandler lifted their target price on Equity Bancshares from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. DA Davidson cut their price target on shares of Equity Bancshares from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Equity Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.33.

Equity Bancshares Company Profile

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.