EQB Inc. (TSE:EQB - Free Report) - Stock analysts at Raymond James reduced their Q1 2025 earnings estimates for EQB in a research report issued on Thursday, December 5th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $2.94 per share for the quarter, down from their prior estimate of $2.96. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Raymond James also issued estimates for EQB's Q2 2025 earnings at $3.05 EPS and FY2025 earnings at $12.38 EPS.
Other equities analysts have also issued research reports about the stock. CIBC raised their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Scotiabank lowered their target price on shares of EQB from C$135.00 to C$130.00 in a research report on Friday. Cormark lowered EQB from a "buy" rating to a "market perform" rating and cut their target price for the company from C$131.00 to C$110.00 in a report on Thursday. TD Securities downgraded EQB from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$126.00 to C$110.00 in a research note on Friday. Finally, BMO Capital Markets raised their price objective on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$113.63.
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EQB Stock Up 0.4 %
Shares of EQB stock traded up C$0.36 on Monday, hitting C$102.46. 236,729 shares of the company traded hands, compared to its average volume of 60,092. The company has a market cap of C$3.93 billion, a PE ratio of 10.76, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 12-month low of C$77.96 and a 12-month high of C$113.20. The company has a 50-day moving average price of C$107.20 and a 200 day moving average price of C$98.79.
EQB Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.91%. This is a boost from EQB's previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 13th. 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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