EQB (TSE:EQB) Releases Earnings Results

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

EQB Trading Up 2.7%

Shares of TSE EQB opened at C$117.12 on Friday. The firm has a fifty day simple moving average of C$115.78 and a two-hundred day simple moving average of C$108.09. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51. The firm has a market capitalization of C$4.29 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.59 dividend. This is a boost from EQB’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 13th. This represents a $2.36 annualized dividend and a yield of 2.0%. EQB’s dividend payout ratio (DPR) is currently 36.06%.

Analyst Ratings Changes

Several equities analysts recently commented on EQB shares. Jefferies Financial Group increased their target price on shares of EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. National Bank Financial set a C$120.00 target price on EQB and gave the company a “sector perform” rating in a research note on Friday, May 15th. TD Securities lowered their target price on EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. TD lowered their target price on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Desjardins boosted their price objective on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$119.00.

About EQB

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.