EQB Inc. (TSE:EQB) Announces Quarterly Dividend of $0.47

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.47 per share on Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from EQB’s previous quarterly dividend of $0.45.

EQB Stock Up 0.7 %

Shares of EQB stock opened at C$99.19 on Thursday. The business has a fifty day simple moving average of C$95.82 and a 200-day simple moving average of C$89.73. EQB has a fifty-two week low of C$66.41 and a fifty-two week high of C$99.75. The firm has a market cap of C$3.81 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.58.

EQB (TSE:EQB) last released its earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating the consensus estimate of C$2.93 by C$0.03. The business had revenue of C$327.24 million during the quarter, compared to analyst estimates of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. Analysts anticipate that EQB will post 12.5994695 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EQB. Scotiabank lowered their price target on EQB from C$113.00 to C$109.00 in a report on Monday, August 19th. BMO Capital Markets upped their target price on EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, August 30th. CIBC boosted their price objective on shares of EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. Royal Bank of Canada lifted their target price on shares of EQB from C$107.00 to C$109.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Finally, TD Securities decreased their target price on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$106.56.

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.