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

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, March 31st.

Equity Bancshares has increased its dividend payment by an average of 50.0% annually over the last three years. Equity Bancshares has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ:EQBK traded up $0.01 on Wednesday, hitting $39.22. The company had a trading volume of 20,686 shares, compared to its average volume of 54,085. Equity Bancshares has a 52 week low of $30.44 and a 52 week high of $50.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $686.70 million, a price-to-earnings ratio of 9.85 and a beta of 0.73. The firm has a 50 day moving average of $41.97 and a two-hundred day moving average of $43.09.

Analyst Ratings Changes

A number of research analysts have recently commented on EQBK shares. Keefe, Bruyette & Woods increased their price target on Equity Bancshares from $43.00 to $48.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Hovde Group lifted their target price on shares of Equity Bancshares from $56.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Stephens cut their price target on shares of Equity Bancshares from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, DA Davidson decreased their price objective on Equity Bancshares from $50.00 to $46.00 and set a "neutral" rating for the company in a report 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.