EQB Inc. (TSE:EQB – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$131.83 and last traded at C$131.41, with a volume of 46318 shares traded. The stock had previously closed at C$128.35.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Desjardins lifted their price target on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Raymond James Financial lowered their price objective on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. National Bank Financial set a C$120.00 price objective on shares of EQB and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Scotiabank boosted their target price on EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$122.50.
Check Out Our Latest Stock Report on EQB
EQB Stock Performance
EQB (TSE:EQB – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The business had revenue of C$302.36 million for the quarter. On average, sell-side analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current year.
EQB Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from EQB’s previous quarterly dividend of $0.59. EQB’s dividend payout ratio is presently 44.01%.
EQB Company Profile
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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