EQB Inc. (TSE:EQB) Plans Quarterly Dividend of $0.49

EQB Inc. (TSE:EQB) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.49 per share on Tuesday, December 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47.

EQB Price Performance

EQB stock traded up C$1.68 during midday trading on Wednesday, reaching C$101.60. 12,341 shares of the company’s stock traded hands, compared to its average volume of 60,641. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$113.20. The business has a 50-day moving average price of C$107.12 and a two-hundred day moving average price of C$98.92. The company has a market capitalization of C$3.90 billion, a P/E ratio of 10.50, a PEG ratio of 0.34 and a beta of 1.59.

Analyst Ratings Changes

Several brokerages recently issued reports on EQB. Raymond James lowered their price target on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. BMO Capital Markets raised their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. CIBC boosted their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and lowered their price objective for the company from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Finally, TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$113.63.

About EQB

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.