EQB (TSE:EQB) Share Price Passes Above 50 Day Moving Average of $87.77

EQB Inc. (TSE:EQB) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$87.77 and traded as high as C$89.09. EQB shares last traded at C$88.90, with a volume of 46,143 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EQB shares. 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. TD Securities boosted their price target on shares of EQB from C$94.00 to C$105.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Scotiabank boosted their target price on shares of EQB from C$99.00 to C$111.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Royal Bank of Canada increased their target price on shares of EQB from C$101.00 to C$107.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, National Bank Financial lowered shares of EQB from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, EQB currently has an average rating of “Moderate Buy” and an average price target of C$102.56.

EQB Trading Up 0.0 %

The company’s 50-day moving average is C$87.77 and its 200 day moving average is C$82.20. The firm has a market cap of C$3.39 billion, a PE ratio of 9.55, a P/E/G ratio of 0.34 and a beta of 1.67.

EQB (TSE:EQB) last released its earnings results on Wednesday, February 28th. The company reported C$2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$3.63 by C($0.93). EQB had a net margin of 39.67% and a return on equity of 14.70%. The business had revenue of C$298.77 million during the quarter. On average, research analysts predict that EQB Inc. will post 11.6625683 EPS for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, March 14th. This is a boost from EQB’s previous quarterly dividend of $0.40. EQB’s payout ratio is 18.05%.

EQB Company Profile

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.