TD Securities Trims EQB (TSE:EQB) Target Price to C$109.00

EQB (TSE:EQB) had its price objective trimmed by TD Securities from C$112.00 to C$109.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Scotiabank reduced their price target on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. BMO Capital Markets raised their target price on shares of EQB from C$102.00 to C$104.00 and gave the stock an outperform rating in a report on Friday, May 31st. Raymond James decreased their target price on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Cormark dropped 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. Finally, CIBC reduced their price objective on EQB from C$110.00 to C$105.00 and set an outperform rating for the company in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, EQB presently has a consensus rating of Moderate Buy and a consensus target price of C$105.67.

EQB Trading Down 0.1 %

EQB stock opened at C$95.38 on Friday. EQB has a 12 month low of C$66.41 and a 12 month high of C$98.88. The stock has a fifty day simple moving average of C$95.31 and a two-hundred day simple moving average of C$89.50. The firm has a market cap of C$3.65 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.34 and a beta of 1.58.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating the consensus estimate of C$2.93 by C$0.03. EQB had a return on equity of 14.70% and a net margin of 39.67%. The company had revenue of C$327.24 million for the quarter, compared to analysts’ expectations of C$325.00 million. On average, equities research analysts forecast that EQB will post 11.4413146 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, September 13th. This is an increase from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.97%. EQB’s payout ratio is 19.33%.

About EQB

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.