EQB (TSE:EQB) Share Price Crosses Above 50 Day Moving Average of $85.62

Shares of EQB Inc. (TSE:EQB) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$85.62 and traded as high as C$86.86. EQB shares last traded at C$86.43, with a volume of 30,155 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. National Bankshares downgraded shares of EQB from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$98.00 to C$95.00 in a report on Thursday, February 29th. CIBC set a C$100.00 target price on EQB and gave the stock an “outperform” rating in a research report on Monday, April 1st. Scotiabank lifted their target price on EQB from C$99.00 to C$111.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. TD Securities upped their price target on EQB from C$94.00 to C$105.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Veritas Investment Research reaffirmed a “reduce” rating on shares of EQB in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.56.

EQB Stock Performance

The firm has a market capitalization of C$3.30 billion, a PE ratio of 9.28, a PEG ratio of 0.34 and a beta of 1.63. The company has a fifty day moving average price of C$85.62 and a 200-day moving average price of C$83.97.

EQB (TSE:EQB) last released its quarterly earnings results 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%. The company had revenue of C$298.77 million for the quarter. On average, equities analysts predict that EQB Inc. will post 11.2008086 earnings per share for the current 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 paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.94%. This is a positive change from EQB’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 14th. 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.