Equity Bancshares, Inc. (EQBK) to Issue Quarterly Dividend of $0.22 on October 15th

by · The Markets Daily

Equity Bancshares, Inc. (NYSE:EQBK – Get Free Report) declared a quarterly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.22 per share on Thursday, October 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 22.2% increase from Equity Bancshares’s previous quarterly dividend of $0.18.

Equity Bancshares has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equity Bancshares to earn $5.51 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 16.0%.

Equity Bancshares Stock Up 0.2%

Shares of NYSE:EQBK opened at $48.48 on Monday. Equity Bancshares has a fifty-two week low of $38.60 and a fifty-two week high of $52.27. The firm’s 50 day moving average price is $50.13 and its 200 day moving average price is $47.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.58. The stock has a market cap of $998.12 million, a price-to-earnings ratio of 29.03 and a beta of 0.76.

Equity Bancshares (NYSE:EQBK – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.17. Equity Bancshares had a net margin of 8.26% and a return on equity of 13.34%. The company had revenue of $81.93 million for the quarter, compared to the consensus estimate of $85.10 million. As a group, equities research analysts predict that Equity Bancshares will post 5.16 earnings per share for the current fiscal year.

About Equity Bancshares

(Get Free Report)

Equity Bancshares, Inc is the bank holding company for Equity Bank, a community-focused financial institution headquartered in Wichita, Kansas. The company provides banking services to individuals, families, businesses, agricultural customers and government entities through its branch network and digital banking channels.

Equity Bank’s products and services include checking and savings accounts, certificates of deposit, consumer lending, residential mortgages, commercial and industrial loans, commercial real estate financing, agricultural loans, treasury management and other business banking services.

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