EQB Inc. (TSE:EQB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

EQB Inc. (TSE:EQB) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$106.56.

A number of equities analysts have recently issued reports on EQB shares. CIBC raised their target price on shares of EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. Cormark lowered their price objective on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Scotiabank dropped their price objective on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. 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. Finally, Raymond James dropped their price target on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st.

EQB Price Performance

TSE EQB opened at C$98.62 on Monday. The company has a fifty day moving average of C$96.05 and a two-hundred day moving average of C$89.83. The company has a market capitalization of C$3.79 billion, a PE ratio of 10.59, a P/E/G ratio of 0.34 and a beta of 1.58. EQB has a 1 year low of C$66.41 and a 1 year high of C$99.75.

EQB (TSE:EQB) last announced its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.93 by C$0.03. The firm had revenue of C$327.24 million during the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. On average, research analysts expect that EQB will post 12.5994695 earnings per share for the current year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from EQB’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, September 13th. This represents a $1.88 annualized dividend and a yield of 1.91%. EQB’s payout ratio is presently 20.19%.

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.