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

Equity Bancshares, Inc. (NASDAQ:EQBK) declared a quarterly dividend on Thursday, September 12th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.15 per share by the bank on Tuesday, October 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, September 30th. This is a positive change from Equity Bancshares’s previous quarterly dividend of $0.12.

Equity Bancshares has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Equity Bancshares to earn $4.12 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 14.6%.

Equity Bancshares Stock Down 0.2 %

Shares of Equity Bancshares stock traded down $0.09 during trading hours on Friday, reaching $40.58. The company’s stock had a trading volume of 19,345 shares, compared to its average volume of 48,643. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s fifty day simple moving average is $39.55 and its two-hundred day simple moving average is $35.84. The company has a market capitalization of $618.97 million, a P/E ratio of 67.70 and a beta of 0.90. Equity Bancshares has a one year low of $22.78 and a one year high of $42.64.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings results on Tuesday, July 16th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. Equity Bancshares had a return on equity of 12.43% and a net margin of 3.75%. The business had revenue of $55.43 million during the quarter, compared to the consensus estimate of $54.56 million. On average, research analysts forecast that Equity Bancshares will post 4.01 earnings per share for the current year.

Insider Transactions at Equity Bancshares

In related news, CEO Brad S. Elliott sold 24,801 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the transaction, the chief executive officer now owns 151,616 shares of the company’s stock, valued at $6,161,674.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Brad S. Elliott sold 24,801 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.64, for a total value of $1,007,912.64. Following the completion of the sale, the chief executive officer now owns 151,616 shares of the company’s stock, valued at approximately $6,161,674.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gregory L. Gaeddert sold 6,000 shares of Equity Bancshares stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $40.99, for a total transaction of $245,940.00. Following the completion of the transaction, the director now directly owns 17,167 shares in the company, valued at $703,675.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,101 shares of company stock valued at $1,351,925. 8.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stephens increased their target price on shares of Equity Bancshares from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Piper Sandler lifted their price objective on shares of Equity Bancshares from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Finally, Keefe, Bruyette & Woods raised their target price on Equity Bancshares from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.00.

Equity Bancshares Company Profile

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.