Brokerages Set EQB Inc. (TSE:EQB) Price Target at C$102.56

EQB Inc. (TSE:EQB - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$102.56.

Several equities research analysts have commented on EQB shares. Veritas Investment Research restated a "reduce" rating on shares of EQB in a research report on Friday, March 1st. CIBC set a C$100.00 price target on shares of EQB and gave the stock an "outperform" rating in a research report on Monday, April 1st. Scotiabank upped their price target on shares of EQB from C$99.00 to C$111.00 and gave the company an "outperform" rating in a report on Tuesday, February 20th. National Bank Financial cut EQB from an "outperform market weight" rating to a "sector perform market weight" rating in a research note on Wednesday, February 28th. Finally, National Bankshares lowered shares of EQB from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$98.00 to C$95.00 in a research note on Thursday, February 29th.

EQB Trading Down 0.5 %

Shares of TSE:EQB traded down C$0.45 during midday trading on Tuesday, hitting C$83.70. The stock had a trading volume of 38,415 shares, compared to its average volume of 59,582. The company has a market capitalization of C$3.20 billion, a PE ratio of 9.04, a P/E/G ratio of 0.34 and a beta of 1.63. EQB has a 1 year low of C$63.17 and a 1 year high of C$97.64. The stock has a 50 day moving average price of C$85.18 and a two-hundred day moving average price of C$84.58.

EQB (TSE:EQB - Get Free Report) last released its earnings results on Wednesday, March 27th. The company reported C$2.70 earnings per share (EPS) for the quarter. EQB had a return on equity of 14.70% and a net margin of 39.67%. The company had revenue of C$298.77 million for the quarter. As a group, equities analysts expect that EQB will post 11.429932 EPS for the current year.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.01%. The ex-dividend date was Thursday, March 14th. This is a positive change from EQB's previous quarterly dividend of $0.40. EQB's dividend payout ratio (DPR) is presently 18.05%.

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.