Equity Bancshares, Inc. (EQBK) To Go Ex-Dividend on March 31st

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

Equity Bancshares has raised its dividend payment by an average of 50.0% per year over the last three years. Equity Bancshares has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 2.2 %

Shares of EQBK stock traded down $0.90 during trading on Friday, reaching $39.48. The company’s stock had a trading volume of 47,082 shares, compared to its average volume of 53,846. Equity Bancshares has a 1-year low of $30.44 and a 1-year high of $50.85. The stock’s 50-day moving average price is $42.14 and its 200 day moving average price is $43.03. The company has a market capitalization of $691.20 million, a price-to-earnings ratio of 9.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stephens cut their price objective on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Hovde Group raised 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. Keefe, Bruyette & Woods boosted their target price on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson cut their target price on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.