Equity Bancshares, Inc. (NASDAQ:EQBK) to Issue Quarterly Dividend of $0.18

Key Points

• Equity Bancshares, Inc. has announced a quarterly dividend increase to $0.18 per share, a 20.0% rise from the previous dividend of $0.15.
• The upcoming dividend will be paid to investors of record on September 30th, with an ex-dividend date also set for the same day.
• Equity Bancshares currently has a dividend payout ratio of 13.6% and is projected to cover its annual dividend of $0.60 with expected earnings of $4.03 per share next year.

Equity Bancshares, Inc. (NASDAQ:EQBK - Get Free Report) declared a quarterly dividend on Thursday, September 11th. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.18 per share by the bank on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 30th. This is a 20.0% increase from Equity Bancshares's previous quarterly dividend of $0.15.

Equity Bancshares has a dividend payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equity Bancshares to earn $4.03 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 14.9%.

Equity Bancshares Stock Performance

NASDAQ EQBK traded down $0.64 during trading on Friday, hitting $41.89. The company's stock had a trading volume of 348,609 shares, compared to its average volume of 78,236. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average price of $39.99 and a 200 day moving average price of $39.56. The firm has a market cap of $805.04 million, a P/E ratio of 10.53 and a beta of 0.83. Equity Bancshares has a 52 week low of $34.11 and a 52 week high of $50.85.

About Equity Bancshares

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.