Shares of EQB Inc. (TSE:EQB – Get Free Report) have been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$101.00.
A number of research firms have recently commented on EQB. BMO Capital Markets lifted their target price on EQB from C$92.00 to C$97.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. National Bank Financial reiterated an “outperform market weight” rating on shares of EQB in a research note on Friday, December 8th. Scotiabank lowered their target price on EQB from C$100.00 to C$99.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 21st. Cormark lifted their target price on EQB from C$92.00 to C$97.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Royal Bank of Canada lifted their target price on EQB from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th.
EQB Trading Up 0.4 %
EQB Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This is an increase from EQB’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 1.72%. EQB’s dividend payout ratio is 17.19%.
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.
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