Equity Bancshares, Inc. Announces Quarterly Dividend

Equity Bancshares, Inc. (NASDAQ:EQBK) has declared a quarterly dividend, as reported on Wednesday, March 19th. Shareholders on record as of Monday, March 31st will receive a dividend of $0.15 per share on Tuesday, April 15th. This amounts to an annualized dividend of $0.60, translating to a yield of 1.52%. The ex-dividend date is set for Monday, March 31st.

Dividend Growth

Equity Bancshares has demonstrated a strong commitment to returning value to its shareholders by increasing its dividend payments by an average of 50.0% annually over the past three years. The company boasts a payout ratio of 14.8%, suggesting that its dividend is well-supported by its earnings. Analysts project that Equity Bancshares will earn around $4.03 per share in the coming year. With this expectation, the company is likely to maintain its $0.60 annual dividend, keeping its future payout ratio at about 14.9%.

Stock Performance

On Friday, shares of NASDAQ:EQBK declined by $0.90, bringing the trading price down to $39.48. The trading volume for the day was 47,082 shares, compared to an average of 53,846 shares. Equity Bancshares maintains a debt-to-equity ratio of 0.78, a current ratio of 0.86, and a quick ratio of 0.86. The stock has seen a 52-week low of $30.44 and a high of $50.85. The company has a market capitalization of $691.20 million, a PE ratio of 9.92, and a beta of 0.94. Its 50-day moving average price is currently $42.14, while the 200-day moving average price is $43.03.

Analyst Recommendations

Equity Bancshares has been featured in several analysts' reports. On December 4th, Keefe, Bruyette & Woods raised their price target for Equity Bancshares shares from $43.00 to $48.00, giving the stock a "market perform" rating. On January 23rd, DA Davidson adjusted their price target down from $50.00 to $46.00 and rated the stock as "neutral." Simultaneously, Hovde Group increased their target from $56.00 to $57.00, designating the company with an "outperform" rating. Also, on January 24th, Stephens reduced their price target on Equity Bancshares from $52.00 to $49.00, placing an "overweight" rating on the stock. Currently, two analysts have given the stock a hold rating, while three have rated it as a buy. According to MarketBeat.com, Equity Bancshares has an average rating of "Moderate Buy" with a price target of $48.00.

Company Overview

Equity Bancshares, Inc. serves as the bank holding company for Equity Bank, providing a range of banking, mortgage, and financial services to both individual and corporate clients. The bank accepts various forms of deposits, including demand, savings, money market, and time deposits. Its lending offerings comprise commercial and industrial loans, commercial real estate loans, lines of credit, working capital loans, and several other types of financing solutions.

Dividend, Growth, Investors, Stocks, Market