EQB Inc. (TSE:EQB - Free Report) - Research analysts at Cormark dropped their FY2025 earnings per share estimates for shares of EQB in a research report issued on Thursday, December 5th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $12.04 for the year, down from their prior estimate of $12.48. Cormark has a "Market Perform" rating and a $110.00 price objective on the stock. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Cormark also issued estimates for EQB's FY2026 earnings at $13.71 EPS.
A number of other research analysts have also weighed in on EQB. Raymond James decreased their target price on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. CIBC upped their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. TD Securities lowered EQB from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$126.00 to C$110.00 in a report on Friday. Finally, Scotiabank dropped their price objective on shares of EQB from C$135.00 to C$130.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$113.63.
Read Our Latest Report on EQB
EQB Stock Performance
Shares of TSE:EQB traded down C$2.27 during midday trading on Friday, hitting C$102.10. The company's stock had a trading volume of 114,868 shares, compared to its average volume of 59,347. The company has a market cap of C$3.92 billion, a P/E ratio of 10.72, a price-to-earnings-growth 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 business's 50 day simple moving average is C$107.22 and its 200 day simple moving average is C$98.44.
EQB Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from EQB's previous quarterly dividend of $0.47. EQB's dividend payout ratio (DPR) is 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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