EQB (TSE:EQB) Shares Cross Above 50-Day Moving Average of $56.38

Shares of EQB Inc. (TSE:EQBGet Rating) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$56.38 and traded as high as C$58.45. EQB shares last traded at C$57.73, with a volume of 28,512 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Securities upped their price target on shares of EQB from C$75.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, November 25th. Raymond James upped their price objective on shares of EQB from C$85.50 to C$87.00 and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Royal Bank of Canada upped their price objective on shares of EQB from C$69.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. Cormark upped their price objective on shares of EQB from C$67.00 to C$69.00 in a research report on Wednesday, November 9th. Finally, National Bankshares cut their price objective on shares of EQB from C$73.00 to C$68.00 in a research report on Tuesday, October 25th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$71.78.

EQB Stock Down 0.7 %

The stock has a market cap of C$2.17 billion and a price-to-earnings ratio of 6.64. The company’s 50-day moving average is C$56.38 and its 200-day moving average is C$53.53.

EQB (TSE:EQBGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported C$2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.18 by C$0.17. The business had revenue of C$195.73 million during the quarter, compared to analyst estimates of C$183.00 million. On average, research analysts forecast that EQB Inc. will post 10.2299999 earnings per share for the current year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were issued a dividend of $0.33 per share. This is a positive change from EQB’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.29%. EQB’s dividend payout ratio (DPR) is presently 12.26%.

EQB Company Profile

(Get Rating)

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, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.

Further Reading

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