Equity Bancshares, Inc. (EQBK) To Go Ex-Dividend on June 30th

Equity Bancshares, Inc. (NYSE:EQBK) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 30th will be given a dividend of 0.18 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 30th.

Equity Bancshares has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Research 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 2.8%

NYSE:EQBK opened at $49.49 on Friday. The stock’s fifty day moving average price is $46.11 and its two-hundred day moving average price is $45.79. 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 company has a market cap of $1.02 billion, a price-to-earnings ratio of 39.28 and a beta of 0.78.

Equity Bancshares (NYSE:EQBK) last released its earnings results on Tuesday, April 14th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.15 by $0.17. The company had revenue of $83.26 million during the quarter, compared to analysts’ expectations of $85.24 million. Equity Bancshares had a return on equity of 12.85% and a net margin of 6.15%. On average, analysts anticipate that Equity Bancshares will post 5.06 EPS for the current year.

Analyst Upgrades and Downgrades

EQBK has been the topic of a number of research reports. DA Davidson upped their target price on shares of Equity Bancshares from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Weiss Ratings raised shares of Equity Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Equity Bancshares in a report on Monday, June 22nd. Hovde Group initiated coverage on shares of Equity Bancshares in a report on Wednesday, June 10th. They set a “market perform” rating and a $51.00 target price for the company. Finally, Piper Sandler reiterated an “overweight” rating on shares of Equity Bancshares in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.20.

Equity Bancshares Company Profile

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.