Equity Bancshares, Inc. to Issue Quarterly Dividend of $0.15 (NASDAQ:EQBK)

Equity Bancshares, Inc. (NASDAQ:EQBK) announced a quarterly dividend on Wednesday, March 19th, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.15 per share by the bank on Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, March 31st.

Equity Bancshares has increased its dividend by an average of 50.0% per year over the last three years. Equity Bancshares has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Equity Bancshares to earn $4.03 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.9%.

Equity Bancshares Price Performance

EQBK traded down $0.90 on Friday, reaching $39.48. The company had a trading volume of 47,082 shares, compared to its average volume of 53,846. The company has a market capitalization of $691.20 million, a P/E ratio of 9.92 and a beta of 0.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $42.14 and a 200-day moving average of $43.03. Equity Bancshares has a one year low of $30.44 and a one year high of $50.85.

Analysts Set New Price Targets

EQBK has been the subject of several recent analyst reports. Stephens decreased their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Hovde Group lifted their price target on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. DA Davidson cut their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.