National Bank Financial Forecasts Stronger Earnings for EQB

EQB Inc. (TSE:EQB) – Analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of EQB in a note issued to investors on Tuesday, February 25th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $12.02 per share for the year, up from their prior forecast of $11.91. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB’s FY2025 earnings at $12.02 EPS.

Other research analysts have also recently issued reports about the stock. National Bankshares upped their price objective on shares of EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada decreased their price objective on shares of EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research report on Thursday. BMO Capital Markets upped their price objective on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Jefferies Financial Group set a C$129.00 price objective on shares of EQB and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Raymond James upped their price objective on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Trading Down 0.2 %

EQB stock opened at C$101.10 on Friday. The company’s 50 day moving average is C$105.27 and its 200 day moving average is C$103.91. The stock has a market cap of C$3.91 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 1-year low of C$78.24 and a 1-year high of C$114.22.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47. EQB’s dividend payout ratio is 29.31%.

About EQB

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.