EQB (TSE:EQB) Price Target Raised to C$130.00

EQB (TSE:EQB) had its price objective upped by CIBC from C$113.00 to C$130.00 in a report published on Tuesday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Cormark decreased their price objective on EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a report on Thursday, August 29th. TD Securities dropped their target price on EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Raymond James lowered their price objective on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. Finally, Scotiabank raised their price objective on shares of EQB from C$109.00 to C$135.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, EQB presently has a consensus rating of “Moderate Buy” and a consensus target price of C$114.25.

EQB Stock Up 0.5 %

EQB stock opened at C$111.51 on Tuesday. The stock has a 50-day moving average price of C$106.60 and a 200 day moving average price of C$97.53. The company has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$74.04 and a 52 week high of C$111.95.

EQB (TSE:EQB) last announced 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. The business had revenue of C$327.24 million during the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. Research analysts anticipate that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were given 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 of this dividend was Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.69%. EQB’s dividend payout ratio (DPR) is 19.75%.

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.