EQB (TSE:EQB) Sets New 52-Week High – Should You Buy?

EQB Inc. (TSE:EQB) hit a new 52-week high on Thursday . The company traded as high as C$109.64 and last traded at C$108.76, with a volume of 13242 shares. The stock had previously closed at C$107.62.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James dropped their price objective on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. CIBC upped their price objective on shares of EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. BMO Capital Markets upped their price objective on shares of EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Cormark dropped their price objective on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Scotiabank lowered their target price on shares of EQB from C$113.00 to C$109.00 in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$106.56.

EQB Trading Up 0.5 %

The stock’s 50-day simple moving average is C$103.07 and its 200-day simple moving average is C$95.15. The firm has a market capitalization of C$4.15 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last released its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.93 by C$0.03. EQB had a net margin of 39.67% and a return on equity of 14.70%. The firm had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million. On average, equities research analysts expect that EQB Inc. will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. This is an increase from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, September 13th. EQB’s dividend payout ratio is currently 19.75%.

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.