EQB (EQB) Stock Price, News & Analysis

Company Overview

EQB Inc. formerly Equitable Group Inc. trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees. What makes Equitable Bank such a great place to work is our banks commitment to providing the best service possible to our customers. Founded over 50 years ago Equitable Bank provides diversified personal and commercial banking and through its EQ Bank platform eqbank.ca which has been named #1 Bank in Canada on the 2022 Forbes Worlds Best Banks list for the second year in a row.

Key Stats

• Today's Range: C$98.67 to C$100.01
• 50-Day Range: C$98.85 to C$112.50
• 52-Week Range: C$78.24 to C$113.20
• Volume: 147,346 shs
• Average Volume: 62,138 shs
• Market Capitalization: C$3.81 billion
• P/E Ratio: 10.44
• Dividend Yield: 1.89%
• Price Target: C$113.63
• Consensus Rating: Hold

EQB Stock Analysis - MarketRank™

EQB scored higher than 55% 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

EQB has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

EQB has only been the subject of 2 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 10.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of EQB is 10.44, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 435.20.

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 1.25. 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: 2.4 / 5
• News Sentiment: 0.29

News Sentiment

EQB has a news sentiment score of 0.29. 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 0.61 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for EQB this week, compared to 3 articles on an average week.

Search Interest

Only 2 people have searched for EQB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added EQB to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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 on January 1st, 2024. Since then, EQB stock has increased by 13.9% and is now trading at C$99.36.
View the best growth stocks for 2024 here.

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

• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024

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$113.63
• High Stock Price Target: C$130.00
• Low Stock Price Target: C$95.00
• Potential Upside/Downside: +14.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$9.52
• Trailing P/E Ratio: 10.44
• Forward P/E Ratio: 7.89
• 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: 3.40
• Cash Flow: C$62.60 per share
• Price / Cash Flow: 1.59
• Book Value: C$79.52 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 38,380,000
• Free Float: N/A
• Market Cap: C$3.81 billion
• Optionable: Not Optionable
• Beta: 1.59