EQB Inc. (TSE:EQB) Raises Dividend to $0.45 Per Share

EQB Inc. (TSE:EQB) announced a quarterly dividend on Wednesday, May 29th, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.45 per share on Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from EQB’s previous quarterly dividend of $0.42.

EQB Price Performance

Shares of EQB stock opened at C$89.49 on Friday. The stock’s 50-day moving average is C$85.16 and its 200 day moving average is C$85.43. EQB has a one year low of C$65.18 and a one year high of C$97.64. The firm has a market cap of C$3.42 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.34 and a beta of 1.63.

EQB (TSE:EQB) last posted its quarterly earnings results on Wednesday, March 27th. The company reported C$2.70 earnings per share for the quarter. EQB had a return on equity of 14.70% and a net margin of 39.67%. The business had revenue of C$298.77 million for the quarter. On average, sell-side analysts expect that EQB will post 11.5759669 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. National Bankshares downgraded EQB from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$98.00 to C$95.00 in a research note on Thursday, February 29th. Royal Bank of Canada upped their price target on EQB from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Thursday. National Bank Financial downgraded EQB from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, February 28th. TD Securities lowered their price objective on EQB from C$105.00 to C$98.00 and set a “buy” rating for the company in a research note on Monday. Finally, Scotiabank increased their price objective on EQB from C$99.00 to C$111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$102.00.

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.