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

EQB Inc. (TSE:EQB) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$106.56.

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

EQB Trading Up 1.1 %

Shares of TSE EQB opened at C$108.32 on Friday. The stock has a market cap of C$4.16 billion, a P/E ratio of 11.38, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 12-month low of C$66.41 and a 12-month high of C$108.71. The business’s fifty day simple moving average is C$99.31 and its 200-day simple moving average is C$92.73.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.93 by C$0.03. The business had revenue of C$327.24 million for 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, equities analysts forecast that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This is a positive change from EQB’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, September 13th. This represents a $1.88 annualized dividend and a dividend yield of 1.74%. EQB’s dividend payout ratio (DPR) is presently 19.75%.

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.