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

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Wednesday, March 19th, NASDAQ Dividends reports. Shareholders 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 annualized dividend 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. 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 Stock Down 2.2 %

Shares of NASDAQ EQBK traded down $0.90 during trading on Friday, hitting $39.48. The stock had a trading volume of 47,082 shares, compared to its average volume of 53,846. The firm has a fifty day moving average of $42.14 and a two-hundred day moving average of $43.03. The company has a market capitalization of $691.20 million, a PE ratio of 9.92 and a beta of 0.94. 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 12 month low of $30.44 and a 12 month high of $50.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Equity Bancshares from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens reduced their target price on Equity Bancshares from $52.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Hovde Group lifted their price target on Equity Bancshares from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, DA Davidson reduced their price objective on Equity Bancshares from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equity Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

About Equity Bancshares

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.