National Bankshares Cuts EQB (TSE:EQB) Price Target to C$104.00

Key Points

• National Bankshares has lowered EQB's price target from C$106.00 to C$104.00, maintaining a "sector perform" rating, which implies a potential upside of 2.28% from its previous close.
• In recent ratings, BMO Capital Markets downgraded EQB from "strong-buy" to "hold," while Jefferies Financial Group raised its target from C$107.00 to C$119.00.
• The consensus rating for EQB among analysts is "Moderate Buy," with an average price target of C$117.70.

EQB (TSE:EQB - Free Report) had its target price cut by National Bankshares from C$106.00 to C$104.00 in a research note published on Friday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also recently issued reports about the stock. CIBC reduced their target price on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Jefferies Financial Group upped their price target on shares of EQB from C$107.00 to C$119.00 in a research report on Wednesday, August 13th. Desjardins set a C$110.00 price target on shares of EQB and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, BMO Capital Markets lowered shares of EQB from an "outperform" rating to a "hold" rating and dropped their price target for the stock from C$115.00 to C$111.00 in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, EQB currently has a consensus rating of "Hold" and an average target price of C$117.70.

EQB Trading Down 0.7%

EQB stock traded down C$0.66 during midday trading on Friday, reaching C$100.36. 87,621 shares of the company's stock traded hands, compared to its average volume of 85,236. EQB has a 52-week low of C$85.14 and a 52-week high of C$114.22. The stock has a market cap of C$3.88 billion, a P/E ratio of 15.65, a PEG ratio of 0.34 and a beta of 1.59. The stock's 50-day moving average is C$100.57 and its 200 day moving average is C$98.08.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.53 per share. This is a positive change from EQB's previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 13th. EQB's dividend payout ratio (DPR) is currently 29.31%.

EQB Company Profile

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.