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. 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 yield of 1.52%. The ex-dividend date of this dividend 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 payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 2.2 %

EQBK traded down $0.90 during trading on Friday, reaching $39.48. 47,082 shares of the stock traded hands, compared to its average volume of 53,846. The stock’s 50-day moving average is $42.14 and its 200 day moving average is $43.03. Equity Bancshares has a 12 month low of $30.44 and a 12 month high of $50.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $691.20 million, a PE ratio of 9.92 and a beta of 0.94.

Analysts Set New Price Targets

Several analysts have recently weighed in on EQBK shares. Stephens lowered 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. Hovde Group increased their price objective 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 decreased 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. Finally, Keefe, Bruyette & Woods increased 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company 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.