EQB (TSE:EQB) Price Target Lowered to C$111.00 at Cormark

EQB (TSE:EQB) had its target price reduced by Cormark from C$121.00 to C$111.00 in a research report report published on Thursday, BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets raised their price target on shares of EQB from C$102.00 to C$104.00 and gave the company an outperform rating in a research report on Friday, May 31st. CIBC decreased their target price on EQB from C$110.00 to C$105.00 and set an outperform rating for the company in a report on Tuesday, August 20th. Scotiabank cut their price target on EQB from C$113.00 to C$109.00 in a report on Monday, August 19th. Raymond James decreased their price objective on EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada upped their target price on shares of EQB from C$107.00 to C$109.00 and gave the stock an outperform rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$105.78.

EQB Stock Down 1.2 %

EQB opened at C$95.48 on Thursday. EQB has a 52 week low of C$66.41 and a 52 week high of C$98.88. The business has a fifty day simple moving average of C$95.07 and a 200-day simple moving average of C$89.43. The firm has a market cap of C$3.65 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.34 and a beta of 1.58.

EQB (TSE:EQB) last announced its earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating analysts’ consensus estimates of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. Sell-side analysts expect that EQB will post 11.4413146 earnings per share for the current year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from EQB’s previous quarterly dividend of $0.42. EQB’s payout ratio is currently 19.33%.

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.