EQB (TSE:EQB) PT Raised to C$110.00 at CIBC

EQB (TSE:EQB) had its target price hoisted by CIBC from C$100.00 to C$110.00 in a report issued on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other research firms have also recently commented on EQB. BMO Capital Markets increased their price target on EQB from C$102.00 to C$104.00 and gave the company an outperform rating in a report on Friday. Scotiabank raised their target price on EQB from C$111.00 to C$113.00 and gave the stock an outperform rating in a research note on Friday. TD Securities cut their target price on EQB from C$105.00 to C$98.00 and set a buy rating for the company in a research note on Monday, May 27th. National Bank Financial cut EQB from an outperform market weight rating to a sector perform market weight rating in a research note on Wednesday, February 28th. Finally, National Bankshares cut EQB from an outperform rating to a sector perform rating and cut their target price for the stock from C$98.00 to C$95.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, EQB currently has an average rating of Moderate Buy and a consensus price target of C$104.44.

EQB Stock Performance

TSE:EQB opened at C$87.62 on Friday. EQB has a one year low of C$65.18 and a one year high of C$97.64. The stock has a market cap of C$3.35 billion, a PE ratio of 9.41, a P/E/G ratio of 0.34 and a beta of 1.63. The stock has a 50 day moving average price of C$85.34 and a 200 day moving average price of C$85.73.

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

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be 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 2.05%. The ex-dividend date of this dividend is Friday, June 14th. EQB’s dividend payout ratio (DPR) 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.