EQB (TSE:EQB) Shares Pass Above 50-Day Moving Average of $87.77

Shares of EQB Inc. (TSE:EQB - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$87.77 and traded as high as C$89.09. EQB shares last traded at C$88.90, with a volume of 46,143 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on EQB. CIBC set a C$100.00 target price on shares of EQB and gave the company an "outperform" rating in a report on Monday, April 1st. Raymond James upped their price objective on shares of EQB from C$97.00 to C$110.00 and gave the company an "outperform" rating in a report on Monday, December 11th. Cormark upped their price objective on shares of EQB from C$92.00 to C$97.00 and gave the company a "buy" rating in a report on Monday, December 11th. BMO Capital Markets upped their price objective on shares of EQB from C$92.00 to C$97.00 and gave the company a "buy" rating in a report on Monday, December 11th. Finally, Veritas Investment Research reiterated a "reduce" rating on shares of EQB in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, EQB has a consensus rating of "Moderate Buy" and a consensus target price of C$102.56.

EQB Stock Performance

The company has a market cap of C$3.49 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.34 and a beta of 1.67. The stock's fifty day moving average is C$87.72 and its two-hundred day moving average is C$82.31.

EQB (TSE:EQB - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$2.70 earnings per share for the quarter, missing analysts' consensus estimates of C$3.63 by C($0.93). EQB had a return on equity of 14.70% and a net margin of 39.67%. The business had revenue of C$298.77 million during the quarter. On average, equities research analysts expect that EQB Inc. will post 11.6625683 EPS for the current year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.84%. This is an increase from EQB's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 14th. EQB's dividend payout ratio is presently 18.05%.

EQB Company Profile

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.