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

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 1.41%. 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. Equities 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 Stock Down 0.4 %

NASDAQ:EQBK opened at $42.69 on Friday. 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 twelve month low of $30.44 and a twelve month high of $50.85. The company has a market cap of $652.73 million, a PE ratio of 38.81 and a beta of 0.90. The company’s 50 day moving average is $45.57 and its two-hundred day moving average is $40.95.

Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings data on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, beating 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 firm had revenue of $55.35 million for the quarter, compared to analyst estimates of $55.77 million. Analysts anticipate that Equity Bancshares will post 4.27 EPS for the current year.

Analyst Ratings Changes

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

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.