Analysts Set EQB Inc. (TSE:EQB) PT at C$102.56

Shares of EQB Inc. (TSE:EQB) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$102.56.

A number of equities research analysts have commented on EQB shares. Scotiabank raised their target price on shares of EQB from C$99.00 to C$111.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. TD Securities raised their target price on shares of EQB from C$94.00 to C$105.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. National Bank Financial cut shares of EQB from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, February 28th. Veritas Investment Research restated a “reduce” rating on shares of EQB in a research note on Friday, March 1st. Finally, Royal Bank of Canada raised their target price on shares of EQB from C$101.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st.

EQB Trading Up 1.5 %

EQB opened at C$86.03 on Friday. The company has a market cap of C$3.28 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.34 and a beta of 1.67. The company’s 50 day moving average is C$86.59 and its 200 day moving average is C$82.90. EQB has a 12-month low of C$57.92 and a 12-month high of C$97.64.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, March 27th. The company reported C$2.70 earnings per share (EPS) for the quarter. EQB had a net margin of 39.67% and a return on equity of 14.70%. As a group, analysts predict that EQB will post 11.4900925 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. This is a boost from EQB’s previous quarterly dividend of $0.40. EQB’s dividend payout ratio (DPR) is presently 18.05%.

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.