Equity Bancshares, Inc. to Issue Quarterly Dividend of $0.12 (NASDAQ:EQBK)

Equity Bancshares, Inc. (NASDAQ:EQBK) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.12 per share by the bank on Monday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, June 28th.

Equity Bancshares has a dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equity Bancshares to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 11.4%.

Equity Bancshares Trading Up 0.1 %

NASDAQ:EQBK traded up $0.04 on Wednesday, hitting $33.45. 1,942 shares of the stock were exchanged, compared to its average volume of 48,223. The stock has a market capitalization of $510.11 million, a price-to-earnings ratio of 9.83 and a beta of 0.91. Equity Bancshares has a 52 week low of $21.79 and a 52 week high of $34.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.83 and a current ratio of 0.83. The company’s 50-day moving average price is $33.56 and its 200 day moving average price is $33.16.

Equity Bancshares (NASDAQ:EQBK) last announced its quarterly earnings results on Tuesday, April 16th. The bank reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. The company had revenue of $55.91 million during the quarter, compared to analysts’ expectations of $52.00 million. Equity Bancshares had a return on equity of 12.08% and a net margin of 3.88%. On average, equities research analysts forecast that Equity Bancshares will post 3.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price target on Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Equity Bancshares presently has an average rating of “Hold” and a consensus price target of $33.33.

Insider Transactions at Equity Bancshares

In related news, Director Junetta M. Everett bought 2,903 shares of Equity Bancshares stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $34.50 per share, with a total value of $100,153.50. Following the acquisition, the director now owns 9,813 shares in the company, valued at approximately $338,548.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.00% of the stock is currently owned by insiders.

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.