EQB (TSE:EQB) Releases Earnings Results

EQB (TSE:EQB) announced its quarterly earnings data on Wednesday. The company reported C$2.03 earnings per share (EPS) for the quarter, FiscalAI reports. EQB had a return on equity of 7.31% and a net margin of 7.79%.The firm had revenue of C$302.36 million for the quarter.

EQB Price Performance

TSE EQB opened at C$114.09 on Thursday. The stock has a market capitalization of C$4.18 billion, a PE ratio of 19.05, a PEG ratio of 0.34 and a beta of 0.74. EQB has a 1 year low of C$83.93 and a 1 year high of C$126.51. The business’s 50-day moving average is C$115.61 and its 200 day moving average is C$107.89.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from EQB’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. EQB’s payout ratio is 36.06%.

Wall Street Analyst Weigh In

EQB has been the topic of a number of recent research reports. Scotiabank raised their price objective on EQB from C$105.00 to C$122.00 in a research note on Friday, February 27th. Jefferies Financial Group raised their price objective on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Desjardins raised their price objective on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. National Bank Financial set a C$120.00 price objective on EQB and gave the company a “sector perform” rating in a research note on Friday, May 15th. Finally, TD Securities reduced their price objective on EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$118.56.

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.