Equity Bancshares, Inc. (NYSE:EQBK) to Issue Quarterly Dividend of $0.18

Equity Bancshares, Inc. (NYSE:EQBKGet Free Report) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.18 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, June 30th.

Equity Bancshares has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equity Bancshares to earn $5.27 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 13.7%.

Equity Bancshares Stock Up 0.5%

Shares of Equity Bancshares stock traded up $0.22 during midday trading on Friday, hitting $45.98. The company had a trading volume of 14,308 shares, compared to its average volume of 105,758. Equity Bancshares has a 52-week low of $36.04 and a 52-week high of $50.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $949.03 million, a P/E ratio of 36.40 and a beta of 0.78. The company has a 50 day moving average of $44.92 and a 200 day moving average of $45.01.

Equity Bancshares (NYSE:EQBKGet Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.17. Equity Bancshares had a return on equity of 12.85% and a net margin of 6.15%.The business had revenue of $83.26 million during the quarter, compared to analysts’ expectations of $85.24 million. On average, equities analysts predict that Equity Bancshares will post 5.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EQBK has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Equity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Equity Bancshares from $47.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Weiss Ratings cut shares of Equity Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. DA Davidson reduced their price target on shares of Equity Bancshares from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Finally, Piper Sandler boosted their price objective on shares of Equity Bancshares from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Equity Bancshares has an average rating of “Hold” and an average target price of $51.33.

View Our Latest Stock Analysis on Equity Bancshares

Equity Bancshares Company Profile

(Get Free Report)

Equity Bancshares, Inc is the bank holding company for Equity Bank, a regional financial services provider headquartered in Wichita, Kansas. As a publicly traded company on the New York Stock Exchange under the ticker EQBK, Equity Bancshares operates a network of branches and lending offices across Kansas, Missouri, Oklahoma, Illinois and Colorado. Its geographic footprint spans both urban and rural markets, reflecting a focus on supporting small businesses, agricultural enterprises and individual consumers throughout the Midwest.

The company’s core business activities encompass a full spectrum of commercial and consumer banking services.

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Dividend History for Equity Bancshares (NYSE:EQBK)

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