Cormark Issues Optimistic Forecast for EQB Earnings

EQB Inc. (TSE:EQB) – Research analysts at Cormark upped their FY2026 EPS estimates for shares of EQB in a report released on Wednesday, February 26th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $13.81 for the year, up from their prior forecast of $13.78. Cormark currently has a “Market Perform” rating and a $110.00 price target on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

Several other analysts also recently weighed in on the company. Raymond James boosted their target price on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Desjardins reduced their price target on shares of EQB from C$130.00 to C$126.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets increased their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. National Bankshares lifted their price objective on shares of EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, CIBC upped their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Price Performance

Shares of EQB opened at C$101.10 on Thursday. EQB has a 1-year low of C$78.24 and a 1-year high of C$114.22. The stock has a market cap of C$3.91 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm has a fifty day moving average price of C$105.27 and a 200 day moving average price of C$103.91.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.49 per share. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, December 13th. EQB’s payout ratio is presently 29.31%.

About EQB

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.