EQB Inc. (EQB) To Go Ex-Dividend on March 14th

EQB Inc. (TSE:EQB) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.51 per share on Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, March 14th. This is a 4.1% increase from EQB’s previous quarterly dividend of $0.49.

EQB Price Performance

Shares of EQB stock traded up C$0.47 during trading on Wednesday, hitting C$95.10. 51,921 shares of the stock traded hands, compared to its average volume of 70,188. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22. The firm has a market capitalization of C$3.68 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm’s fifty day moving average price is C$105.22 and its 200-day moving average price is C$104.07.

Wall Street Analysts Forecast Growth

EQB has been the subject of a number of research analyst reports. TD Securities cut EQB from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Jefferies Financial Group set a C$129.00 target price on EQB and gave the company a “buy” rating in a report on Thursday, January 30th. Cormark lowered EQB from a “buy” rating to a “market perform” rating and reduced their price target for the company from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Scotiabank lowered their target price on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, National Bankshares raised their price target on EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, EQB has a consensus rating of “Moderate Buy” and an average price target of C$122.80.

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.