EQB (TSE:EQB) Stock Crosses Above 50 Day Moving Average of $85.62

EQB Inc. (TSE:EQB)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$85.62 and traded as high as C$86.86. EQB shares last traded at C$86.43, with a volume of 30,155 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Scotiabank raised their price objective on EQB from C$99.00 to C$111.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Royal Bank of Canada upped their price objective on EQB from C$101.00 to C$107.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. National Bank Financial downgraded shares of EQB from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, February 28th. Veritas Investment Research reissued a “reduce” rating on shares of EQB in a report on Friday, March 1st. Finally, CIBC set a C$100.00 price target on shares of EQB and gave the company an “outperform” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$102.56.

EQB Stock Up 0.6 %

The firm has a market cap of C$3.30 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.34 and a beta of 1.63. The business’s 50 day moving average is C$85.62 and its two-hundred day moving average is C$83.97.

EQB (TSE:EQB) last released its earnings results on Wednesday, March 27th. The company reported C$2.70 earnings per share (EPS) for the quarter. The company had revenue of C$298.77 million for the quarter. EQB had a net margin of 39.67% and a return on equity of 14.70%. Equities research analysts anticipate that EQB Inc. will post 11.2008086 EPS for the current year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from EQB’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 1.94%. EQB’s dividend payout ratio (DPR) is currently 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.