EQB (TSE:EQB) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

EQB Inc. (TSE:EQB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$98.60 and traded as low as C$95.80. EQB shares last traded at C$98.75, with a volume of 120,927 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. National Bankshares dropped their price target on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. CIBC dropped their target price on EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group cut their target price on EQB from C$126.00 to C$107.00 in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$119.60.

EQB Stock Up 5.0%

The stock has a market cap of C$4.01 billion, a P/E ratio of 16.17, a PEG ratio of 0.34 and a beta of 1.59. The business has a 50 day moving average price of C$94.60 and a 200 day moving average price of C$98.57.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a $0.53 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.12 annualized dividend and a yield of 2.04%. This is a boost from EQB's previous quarterly dividend of $0.51. EQB's dividend payout ratio is 29.31%.

About EQB

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.