Equity Bancshares, Inc. (EQBK) to Issue Quarterly Dividend of $0.18 on January 15th

Equity Bancshares, Inc. (NASDAQ:EQBK) declared 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 1.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

Equity Bancshares has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.1%

EQBK opened at $45.65 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.86. Equity Bancshares has a 12 month low of $34.11 and a 12 month high of $48.14. The stock has a market capitalization of $870.86 million, a P/E ratio of 11.47 and a beta of 0.88. The business has a 50 day simple moving average of $43.31 and a 200-day simple moving average of $41.43.

Institutional Investors Weigh In On Equity Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in EQBK. State of Alaska Department of Revenue acquired a new stake in Equity Bancshares in the 3rd quarter valued at about $28,000. Osaic Holdings Inc. lifted its holdings in shares of Equity Bancshares by 282.0% in the second quarter. Osaic Holdings Inc. now owns 680 shares of the bank’s stock valued at $28,000 after purchasing an additional 502 shares in the last quarter. State of Wyoming acquired a new stake in shares of Equity Bancshares in the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC grew its position in shares of Equity Bancshares by 233.0% in the second 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 last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Equity Bancshares by 33.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,189 shares of the bank’s stock worth $89,000 after purchasing an additional 547 shares in the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

About Equity Bancshares

Equity Bancshares, Inc is a bank holding company headquartered in Wichita, Kansas, operating through its wholly owned subsidiary Equity Bank. As a full-service commercial bank, it serves both individual and business clients with a range of deposit and lending solutions.

The company’s offerings include traditional checking, savings and money market accounts, alongside consumer and commercial lending products such as real estate, construction, equipment and agricultural loans. In addition, Equity Bancshares provides treasury management and payment processing services, as well as mortgage origination and servicing.