EQB Inc. (TSE:EQB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of EQB Inc. (TSE:EQB) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$104.44.

EQB has been the subject of a number of research analyst reports. CIBC upped their price objective on shares of EQB from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Royal Bank of Canada upped their price objective on shares of EQB from C$107.00 to C$109.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. TD Securities upped their price objective on shares of EQB from C$98.00 to C$101.00 and gave the company a “buy” rating in a research note on Sunday, June 2nd. BMO Capital Markets upped their price objective on shares of EQB from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Scotiabank boosted their target price on EQB from C$111.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, May 31st.

EQB Trading Down 2.0 %

Shares of EQB stock opened at C$93.81 on Friday. The firm has a 50-day moving average price of C$91.95 and a 200 day moving average price of C$88.89. EQB has a twelve month low of C$66.41 and a twelve month high of C$98.66. The company has a market capitalization of C$3.58 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.34 and a beta of 1.63.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, May 29th. The company reported C$2.67 EPS for the quarter, missing analysts’ consensus estimates of C$2.71 by C($0.04). EQB had a net margin of 39.67% and a return on equity of 14.70%. The company had revenue of C$316.66 million for the quarter, compared to analyst estimates of C$300.40 million. As a group, research analysts predict that EQB will post 11.5759669 earnings per share for the current year.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.45 per share. This is a positive change from EQB’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, June 14th. EQB’s dividend payout ratio is currently 18.05%.

EQB Company Profile

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.