EQB Inc. (TSE:EQB – Get Free Report) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.49 per share on Tuesday, December 31st. This represents a $1.96 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from EQB’s previous quarterly dividend of $0.47.
EQB Price Performance
Shares of EQB traded up C$1.97 during mid-day trading on Wednesday, reaching C$101.89. 20,238 shares of the company’s stock were exchanged, compared to its average volume of 60,683. The business’s fifty day simple moving average is C$107.12 and its 200-day simple moving average is C$98.92. The stock has a market capitalization of C$3.91 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52-week low of C$78.24 and a 52-week high of C$113.20.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on EQB shares. Raymond James dropped their price objective on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. CIBC boosted their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. BMO Capital Markets increased their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Scotiabank dropped their target price on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. Finally, Cormark downgraded EQB from a “buy” rating to a “market perform” rating and decreased their price target for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$113.63.
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.
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