EQB (TSE:EQB) Announces Earnings Results

EQB (TSE:EQB) released its earnings results on Wednesday. The company reported C$6.56 earnings per share (EPS) for the quarter, RTT News reports. EQB had a return on equity of 8.52% and a net margin of 13.04%.

EQB Price Performance

EQB stock traded down C$0.52 during mid-day trading on Wednesday, reaching C$86.85. The company had a trading volume of 112,249 shares, compared to its average volume of 110,540. The company has a market capitalization of C$3.33 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.34 and a beta of 1.17. The firm has a 50 day moving average of C$89.36 and a 200 day moving average of C$94.62. EQB has a 12 month low of C$83.93 and a 12 month high of C$114.22.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 15th. This is a positive change from EQB’s previous quarterly dividend of $0.53. EQB’s dividend payout ratio (DPR) is 22.68%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group lowered their price target on shares of EQB from C$107.00 to C$93.00 in a report on Tuesday, November 25th. TD Securities lowered their price objective on EQB from C$105.00 to C$96.00 and set a “hold” rating for the company in a research note on Thursday, November 27th. Veritas upgraded EQB to a “hold” rating in a report on Monday. Scotiabank set a C$94.00 target price on EQB and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Finally, BMO Capital Markets raised their price target on EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, EQB presently has a consensus rating of “Hold” and a consensus target price of C$101.40.

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.