Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.15 per share by the bank on Wednesday, January 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 31st.
Equity Bancshares has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equity Bancshares to earn $3.87 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 15.5%.
Equity Bancshares Stock Down 4.4 %
NASDAQ EQBK traded down $1.99 on Wednesday, reaching $43.51. The company had a trading volume of 167,080 shares, compared to its average volume of 48,845. 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 1 year low of $30.44 and a 1 year high of $50.85. The firm has a 50-day moving average of $45.50 and a 200-day moving average of $40.47. The firm has a market capitalization of $665.27 million, a PE ratio of 39.55 and a beta of 0.90.
Equity Bancshares (NASDAQ:EQBK - Get Free Report) last announced its earnings results on Tuesday, October 15th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.32. The business had revenue of $55.35 million during the quarter, compared to the consensus estimate of $55.77 million. Equity Bancshares had a net margin of 6.36% and a return on equity of 13.53%. On average, equities research analysts anticipate that Equity Bancshares will post 4.27 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on EQBK shares. DA Davidson upped their price objective on shares of Equity Bancshares from $42.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Stephens raised Equity Bancshares from an "equal weight" rating to an "overweight" rating and set a $46.00 price target for the company in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on Equity Bancshares from $43.00 to $48.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.
Get Our Latest Stock Analysis on Equity Bancshares
Equity Bancshares Company Profile
(
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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.
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