EQB Inc. (TSE:EQB) Given Average Rating of “Moderate Buy” by Brokerages

EQB Inc. (TSE:EQB) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$106.56.

Several research firms have recently commented on EQB. Cormark decreased their target price on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. CIBC upped their price target on shares of EQB from C$105.00 to C$113.00 in a research note on Friday, September 6th. Scotiabank dropped their price target on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. TD Securities lowered their target price on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, BMO Capital Markets increased their target price on shares of EQB from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th.

EQB Trading Up 1.7 %

EQB stock opened at C$108.03 on Tuesday. The firm has a 50-day moving average price of C$102.47 and a 200-day moving average price of C$94.76. EQB has a 12 month low of C$71.90 and a 12 month high of C$109.26. The stock has a market capitalization of C$4.15 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last released its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.93 by C$0.03. The business had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. As a group, equities analysts predict that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, September 13th. This is an increase from EQB’s previous quarterly dividend of $0.45. EQB’s payout ratio is 19.75%.

About EQB

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.