EQB Inc. (TSE:EQB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of EQB Inc. (TSE:EQB) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$114.25.

A number of research firms have recently issued reports on EQB. Cormark reduced their price target on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Scotiabank lifted their target price on EQB from C$109.00 to C$135.00 in a research note on Monday, November 25th. BMO Capital Markets upped their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Raymond James cut their price target on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. Finally, CIBC upped their price objective on EQB from C$113.00 to C$130.00 in a research note on Tuesday.

EQB Stock Performance

Shares of EQB stock opened at C$112.50 on Friday. The stock has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.34 and a beta of 1.59. EQB has a one year low of C$75.21 and a one year high of C$112.83. The company’s 50-day simple moving average is C$106.79 and its 200-day simple moving average is C$97.63.

EQB (TSE:EQB) last issued its earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, topping the consensus estimate of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to analyst estimates of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. As a group, research analysts forecast that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.88 annualized dividend and a yield of 1.67%. This is an increase from EQB’s previous quarterly dividend of $0.45. EQB’s dividend payout ratio is presently 19.75%.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.