EQB Inc. (TSE:EQB - Free Report) - Investment analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of EQB in a research report issued on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now anticipates that the company will earn $12.15 per share for the year, down from their previous forecast of $12.30. The consensus estimate for EQB's current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB's FY2026 earnings at $13.66 EPS.
A number of other analysts have also recently commented on the stock. Scotiabank lowered their target price on shares of EQB from C$135.00 to C$130.00 in a research note on Friday. TD Securities lowered shares of EQB from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$126.00 to C$110.00 in a report on Friday. BMO Capital Markets upped their target price on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. CIBC lifted their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, Raymond James cut their price objective on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$113.63.
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EQB Trading Down 2.2 %
Shares of EQB stock traded down C$2.27 during trading hours on Friday, reaching C$102.10. 114,868 shares of the company's stock were exchanged, compared to its average volume of 59,347. EQB has a 1 year low of C$77.96 and a 1 year high of C$113.20. The stock has a market cap of C$3.92 billion, a PE ratio of 10.72, a PEG ratio of 0.34 and a beta of 1.59. The stock's fifty day moving average price is C$107.22 and its two-hundred day moving average price is C$98.44.
EQB Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, December 13th. This is a positive change from EQB's previous quarterly dividend of $0.47. EQB's dividend payout ratio is currently 19.75%.
About EQB
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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.
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