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

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Wednesday, March 19th, NASDAQ Dividends reports. Stockholders 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 dividend yield of 1.52%. The ex-dividend date is Monday, March 31st.

Equity Bancshares has increased 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% indicating that its dividend is sufficiently covered by earnings. 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 %

NASDAQ:EQBK traded down $0.90 during trading hours on Friday, hitting $39.48. The company had a trading volume of 47,082 shares, compared to its average volume of 53,846. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares has a 52 week low of $30.44 and a 52 week high of $50.85. The company has a market capitalization of $691.20 million, a PE ratio of 9.92 and a beta of 0.94. The stock has a 50-day moving average price of $42.14 and a 200 day moving average price of $43.03.

Wall Street Analysts Forecast Growth

EQBK has been the subject of a number of research reports. 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 research note on Wednesday, December 4th. DA Davidson reduced their price target on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Hovde Group boosted their target price 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. Finally, Stephens decreased their price target 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Equity Bancshares currently has an average rating of “Moderate Buy” and an average 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.