EQB (EQB) Stock Price, News & Analysis

Company Overview

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. It also offers residential mortgages, reverse mortgages, and home equity line of credit, as well as insurance loans. In addition, the company provides commercial loans, including business enterprise solutions for small-business owners, entrepreneurs, owner operators, and emerging investors; construction, bridge, or long-term financing; and structured financing solutions for specialty lenders across various asset classes of underbanked and unconventional industries. Further, it offers digital banking services. The company was formerly known as Equitable Group Inc. and changed its name to EQB Inc. in June 2022. EQB Inc. was founded in 1970 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$107.09 to C$108.90
• 50-Day Range: C$97.73 to C$108.92
• 52-Week Range: C$71.90 to C$109.80
• Volume: 78,400 shs
• Average Volume: 58,013 shs
• Market Capitalization: C$4.16 billion
• P/E Ratio: 11.39
• Dividend Yield: 1.73%
• Price Target: C$108.00
• Consensus Rating: Moderate Buy

EQB Stock Analysis - MarketRank™

EQB scored higher than 44% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

EQB has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 8 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

EQB has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of EQB is 11.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of EQB is 11.39, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 441.06.

Price to Earnings Growth Ratio

EQB has a PEG Ratio of 0.34. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

EQB has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for EQB.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

EQB pays a meaningful dividend of 1.80%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

EQB does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of EQB is 19.75%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for EQB.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.51

News Sentiment

EQB has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for EQB this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for EQB on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added EQB to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, EQB insiders have not sold or bought any company stock.

Percentage Held by Insiders

29.02% of the stock of EQB is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.53% of the stock of EQB is held by institutions.

EQB Stock Analysis - Frequently Asked Questions

How have EQB shares performed this year?

EQB's stock was trading at C$87.23 at the beginning of 2024. Since then, EQB stock has increased by 24.3% and is now trading at C$108.45.
View the best growth stocks for 2024 here.

How were EQB's earnings last quarter?

EQB Inc. (TSE:EQB) issued its quarterly earnings data on Wednesday, August, 28th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.03. The firm earned $327.24 million during the quarter, compared to analyst estimates of $325 million. EQB had a net margin of 39.67% and a trailing twelve-month return on equity of 14.70%.

How do I buy shares of EQB?

Shares of EQB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of EQB own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EQB investors own include Toronto-Dominion Bank (TD), BCE (BCE), Whitecap Resources (WCP), TELUS (T), Bank of Nova Scotia (BNS), Manulife Financial (MFC) and Canadian Imperial Bank of Commerce (CM).

Company Calendar

• Last Earnings: 8/28/2024
• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Today: 11/20/2024
• Next Earnings (Confirmed): 12/04/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Regional
• Sub-Industry: N/A
• Current Symbol: TSE:EQB
• Previous Symbol: TSE:ETC
• CUSIP: N/A
• CIK: N/A
• Web: www.equitablebank.ca
• Phone: +1-416-5157000
• Fax: N/A
• Employees: 1,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$108.00
• High Stock Price Target: C$119.00
• Low Stock Price Target: C$95.00
• Potential Upside/Downside: -0.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$9.52
• Trailing P/E Ratio: 11.39
• Forward P/E Ratio: 8.61
• P/E Growth: 0.34
• Net Income: C$437.51 million
• Net Margins: 39.67%
• Pretax Margin: N/A
• Return on Equity: 14.70%
• Return on Assets: 0.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: C$1.12 billion
• Price / Sales: 3.72
• Cash Flow: C$68.32 per share
• Price / Cash Flow: 1.59
• Book Value: C$79.52 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 38,380,000
• Free Float: N/A
• Market Cap: C$4.16 billion
• Optionable: Not Optionable
• Beta: 1.59