EQB Inc. (TSE:EQB – Free Report) – Stock analysts at Scotiabank reduced their FY2026 earnings estimates for EQB in a research note issued on Wednesday, May 20th. Scotiabank analyst M. Saric now expects that the company will post earnings per share of $9.32 for the year, down from their previous estimate of $9.42. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Scotiabank also issued estimates for EQB’s FY2027 earnings at $12.18 EPS.
Other research analysts have also issued research reports about the company. TD Securities lowered their price target on EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. National Bank Financial set a C$120.00 price target on EQB and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Desjardins boosted their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group raised their target price on shares of EQB from C$110.00 to C$112.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$118.56.
EQB Trading Up 1.2%
EQB stock opened at C$117.00 on Friday. The stock has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.34 and a beta of 0.74. The firm’s 50-day moving average price is C$114.92 and its two-hundred day moving average price is C$107.12. EQB has a 12-month low of C$83.93 and a 12-month high of C$126.51.
EQB Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from EQB’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a yield of 2.0%. EQB’s payout ratio is presently 36.06%.
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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.
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