Equity Bancshares, Inc. (EQBK) To Go Ex-Dividend on September 30th

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Thursday, September 12th, Wall Street Journal reports. Investors of record on Monday, September 30th will be given a dividend of 0.15 per share by the bank on Tuesday, October 15th. This represents a $0.60 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Equity Bancshares’s previous quarterly dividend of $0.12.

Equity Bancshares has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equity Bancshares to earn $4.12 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 14.6%.

Equity Bancshares Stock Performance

NASDAQ EQBK traded down $0.09 on Friday, hitting $40.58. 19,345 shares of the company traded hands, compared to its average volume of 48,643. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average price is $39.55 and its 200-day moving average price is $35.84. The company has a market capitalization of $618.97 million, a price-to-earnings ratio of 67.70 and a beta of 0.90. Equity Bancshares has a 52-week low of $22.78 and a 52-week high of $42.64.

Equity Bancshares (NASDAQ:EQBK) last posted its quarterly earnings results on Tuesday, July 16th. The bank reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $55.43 million for the quarter, compared to analysts’ expectations of $54.56 million. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. Equities analysts expect that Equity Bancshares will post 4.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Leon Borck acquired 1,467 shares of Equity Bancshares stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $38.77 per share, with a total value of $56,875.59. Following the completion of the purchase, the director now directly owns 11,941 shares of the company’s stock, valued at approximately $462,952.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Equity Bancshares news, Director Leon Borck bought 1,467 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $38.77 per share, for a total transaction of $56,875.59. Following the completion of the transaction, the director now directly owns 11,941 shares of the company’s stock, valued at $462,952.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $40.64, for a total value of $1,007,912.64. Following the transaction, the chief executive officer now owns 151,616 shares of the company’s stock, valued at approximately $6,161,674.24. The disclosure for this sale can be found here. Insiders have sold 33,101 shares of company stock valued at $1,351,925 over the last ninety days. 8.00% of the stock is owned by insiders.

Analysts Set New Price Targets

EQBK has been the topic of several research reports. Stephens lifted their target price on Equity Bancshares from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods lifted their target price on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, July 18th. Finally, Piper Sandler lifted their target price on Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.00.

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.