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

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Wednesday, March 19th, NASDAQ Dividends reports. Stockholders 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 annualized dividend 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% annually over the last three years. Equity Bancshares has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Equity Bancshares stock traded down $0.90 during midday trading on Friday, hitting $39.48. The stock had a trading volume of 47,082 shares, compared to its average volume of 53,846. Equity Bancshares has a 52-week low of $30.44 and a 52-week high of $50.85. The company has a market capitalization of $691.20 million, a PE ratio of 9.92 and a beta of 0.94. The firm’s fifty day moving average is $42.14 and its two-hundred day moving average is $43.03. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EQBK. Stephens reduced their price objective on shares of Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. DA Davidson cut their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group increased their price objective on shares of Equity Bancshares from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.