EQB (TSE:EQB) Price Target Raised to C$106.00 at BMO Capital Markets

EQB (TSE:EQB) had its price objective upped by BMO Capital Markets from C$104.00 to C$106.00 in a report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

EQB has been the subject of several other reports. Royal Bank of Canada boosted their target price on EQB from C$107.00 to C$109.00 and gave the stock an outperform rating in a research report on Thursday, May 30th. Scotiabank decreased their price objective on shares of EQB from C$113.00 to C$109.00 in a report on Monday, August 19th. Cormark cut their target price on shares of EQB from C$121.00 to C$111.00 and set a buy rating on the stock in a report on Thursday. CIBC decreased their price target on shares of EQB from C$110.00 to C$105.00 and set an outperform rating for the company in a report on Tuesday, August 20th. Finally, TD Securities dropped their price objective on EQB from C$112.00 to C$109.00 and set a buy rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued 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$105.67.

EQB Stock Performance

Shares of EQB stock opened at C$95.38 on Friday. The firm’s 50 day moving average price is C$95.22 and its two-hundred day moving average price is C$89.46. EQB has a 52-week low of C$66.41 and a 52-week high of C$98.88. The stock has a market cap of C$3.65 billion, a PE ratio of 10.24, a PEG ratio of 0.34 and a beta of 1.58.

EQB (TSE:EQB) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.93 by C$0.03. The business had revenue of C$327.24 million for the quarter, compared to analyst estimates of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. As a group, sell-side analysts predict that EQB will post 11.4413146 earnings per share for the current fiscal year.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.45 dividend. This is an increase from EQB’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.89%. EQB’s dividend payout ratio (DPR) 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.