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 paid a dividend of 0.18 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Equity Bancshares has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of EQBK traded up $0.19 during mid-day trading on Friday, reaching $45.95. The company had a trading volume of 17,956 shares, compared to its average volume of 105,764. Equity Bancshares has a 52-week low of $36.04 and a 52-week high of $50.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $948.43 million, a P/E ratio of 36.49 and a beta of 0.78. The stock has a 50 day moving average of $44.92 and a two-hundred day moving average of $45.01.

Equity Bancshares (NYSE:EQBK) last posted its quarterly 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. Equity Bancshares had a return on equity of 12.85% and a net margin of 6.15%.The firm had revenue of $83.26 million during the quarter, compared to analysts’ expectations of $85.24 million. On average, analysts expect that Equity Bancshares will post 5.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Donald Scott Rogerson bought 2,000 shares of Equity Bancshares stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average price of $45.93 per share, with a total value of $91,860.00. Following the purchase, the director owned 5,000 shares in the company, valued at $229,650. This represents a 66.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Equity Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its stake in shares of Equity Bancshares by 282.0% during the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the company’s stock worth $28,000 after purchasing an additional 502 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Equity Bancshares during the 3rd quarter worth $28,000. Royal Bank of Canada lifted its stake in shares of Equity Bancshares by 132.0% during the 4th quarter. Royal Bank of Canada now owns 972 shares of the company’s stock worth $44,000 after purchasing an additional 553 shares during the period. State of Wyoming purchased a new position in shares of Equity Bancshares during the 2nd quarter worth $59,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Equity Bancshares by 233.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $79,000 after purchasing an additional 1,347 shares during the period. Hedge funds and other institutional investors own 71.80% of the company’s stock.

About Equity Bancshares

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.