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

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.15 per share by the bank on Wednesday, January 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 31st.

Equity Bancshares has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Equity Bancshares to earn $3.87 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 15.5%.

Equity Bancshares Trading Down 4.4 %

Shares of NASDAQ EQBK opened at $43.51 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. Equity Bancshares has a one year low of $30.44 and a one year high of $50.85. The business has a 50-day moving average price of $45.57 and a two-hundred day moving average price of $40.49. The firm has a market capitalization of $665.27 million, a PE ratio of 39.55 and a beta of 0.90.

Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.32. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. The business had revenue of $55.35 million during the quarter, compared to analyst estimates of $55.77 million. As a group, analysts predict that Equity Bancshares will post 4.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQBK. Stephens raised shares of Equity Bancshares from an “equal weight” rating to an “overweight” rating and set a $46.00 target price for the company in a research note on Monday, October 14th. DA Davidson increased their price objective on Equity Bancshares from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods boosted their target price on Equity Bancshares from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.