Analysts Set EQB Inc. (TSE:EQB) Price Target at C$114.25

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

Several analysts recently weighed in on EQB shares. Scotiabank raised their target price on shares of EQB from C$109.00 to C$135.00 in a report on Monday, November 25th. Raymond James reduced their price objective on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. CIBC boosted their target price on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday. Cormark dropped their target price on EQB from C$121.00 to C$111.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Finally, TD Securities decreased their price target on EQB from C$112.00 to C$109.00 and set a "buy" rating for the company in a report on Friday, August 30th.

EQB Trading Up 0.9 %

TSE:EQB traded up C$0.99 during midday trading on Friday, reaching C$112.50. The company had a trading volume of 51,871 shares, compared to its average volume of 58,022. EQB has a 12-month low of C$75.21 and a 12-month high of C$112.83. The firm 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. The stock's fifty day simple moving average is C$106.98 and its 200-day simple moving average is C$97.82.

EQB (TSE:EQB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.93 by C$0.03. EQB had a return on equity of 14.70% and a net margin of 39.67%. The business had revenue of C$327.24 million during the quarter, compared to analysts' expectations of C$325.00 million. As a group, sell-side analysts expect that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, September 13th. This is an increase from EQB's previous quarterly dividend of $0.45. EQB's dividend payout ratio (DPR) is currently 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.