Scotiabank Has Bullish Outlook for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Scotiabank increased their FY2026 EPS estimates for EQB in a report issued on Wednesday, August 19th. Scotiabank analyst M. Saric now forecasts that the company will earn $9.21 per share for the year, up from their prior estimate of $9.07. Scotiabank has a “Sector Perform” rating and a $125.00 price objective on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

Several other research firms have also recently weighed in on EQB. Jefferies Financial Group lifted their price objective on shares of EQB from C$122.00 to C$129.00 and gave the stock a “hold” rating in a research report on Thursday, August 13th. Desjardins raised their target price on EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. National Bank Financial raised their target price on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. TD lifted their price target on EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce upped their price target on EQB from C$151.00 to C$165.00 and gave the company an “outperformer” rating in a research report on Wednesday, August 19th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, EQB currently has an average rating of “Moderate Buy” and an average price target of C$138.10.

EQB Stock Performance

Shares of TSE:EQB opened at C$133.52 on Monday. The firm has a 50 day simple moving average of C$136.30 and a 200 day simple moving average of C$123.15. EQB has a 52 week low of C$83.93 and a 52 week high of C$150.32. The company has a market cap of C$4.73 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.

EQB (TSE:EQB) last released its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The business had revenue of C$302.36 million for the quarter.

Insider Activity at EQB

In other EQB news, insider Gavin Stanley sold 900 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$137.37, for a total value of C$123,633.00. Following the completion of the sale, the insider owned 2,238 shares in the company, valued at C$307,434.06. This represents a 28.68% decrease in their position. Also, Director Darren Lorimer sold 1,850 shares of the stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of C$149.00, for a total transaction of C$275,650.00. Following the completion of the sale, the director owned 5,138 shares of the company’s stock, valued at approximately C$765,562. The trade was a 26.47% decrease in their position. In the last 90 days, insiders have bought 46,100 shares of company stock worth $6,479,348 and have sold 7,484 shares worth $1,069,719. 29.02% of the stock is currently owned by company insiders.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. EQB’s payout ratio is presently 44.01%.

EQB Company Profile

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.