EQB (TSE:EQB) Given New C$154.00 Price Target at TD

EQB (TSE:EQB) had its target price increased by TD from C$123.00 to C$154.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

EQB has been the topic of a number of other research reports. Jefferies Financial Group upped their price objective on EQB from C$122.00 to C$129.00 and gave the stock a “hold” rating in a research note on Thursday. National Bank Financial boosted their target price on shares of EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank boosted their target price on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Raymond James Financial upped their price target on shares of EQB from C$123.00 to C$136.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Desjardins increased their price target on shares of EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$133.20.

EQB Price Performance

EQB opened at C$142.00 on Friday. The company has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 0.34 and a beta of 0.92. The business’s 50-day moving average price is C$134.35 and its two-hundred day moving average price is C$121.86. EQB has a 1 year low of C$83.93 and a 1 year high of C$150.32.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The business had revenue of C$302.36 million for the quarter. Sell-side analysts anticipate that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.61 dividend. This is a boost from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 15th. EQB’s dividend payout ratio (DPR) is presently 44.01%.

Insider Activity at EQB

In other news, Director Daniel Broten sold 1,500 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$141.74, for a total transaction of C$212,610.00. Following the sale, the director directly owned 5,033 shares in the company, valued at approximately C$713,377.42. The trade was a 22.96% decrease in their ownership of the stock. Also, insider Gavin Stanley sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$137.37, for a total transaction of C$123,633.00. Following the completion of the transaction, the insider owned 2,238 shares of the company’s stock, valued at approximately C$307,434.06. This trade represents a 28.68% decrease in their ownership of the stock. In the last quarter, insiders have acquired 38,100 shares of company stock valued at $5,407,348 and have sold 7,484 shares valued at $1,069,719. 29.02% of the stock is owned by corporate insiders.

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.