Equity Bancshares, Inc. (NASDAQ:EQBK) Plans $0.18 Quarterly Dividend

Equity Bancshares, Inc. (NASDAQ:EQBK) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.18 per share by the bank on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 31st.

Equity Bancshares has a dividend payout ratio of 16.3% indicating that 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 $0.72 annual dividend with an expected future payout ratio of 17.9%.

Equity Bancshares Trading Up 0.8%

Shares of NASDAQ:EQBK traded up $0.39 during midday trading on Friday, hitting $46.91. 32,256 shares of the stock were exchanged, compared to its average volume of 78,790. The business’s 50-day moving average price is $42.04 and its 200 day moving average price is $40.85. Equity Bancshares has a 12 month low of $34.11 and a 12 month high of $47.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $894.87 million, a price-to-earnings ratio of 11.79 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Equity Bancshares in the third quarter worth approximately $28,000. Osaic Holdings Inc. lifted its holdings in shares of Equity Bancshares by 282.0% in the 2nd quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock worth $28,000 after purchasing an additional 502 shares in the last quarter. State of Wyoming bought a new position in shares of Equity Bancshares in the 2nd quarter worth $59,000. Tower Research Capital LLC TRC grew its position in Equity Bancshares by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the bank’s stock valued at $79,000 after purchasing an additional 1,347 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Equity Bancshares by 33.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank’s stock valued at $89,000 after purchasing an additional 547 shares in the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

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.