EQB FY2025 EPS Estimate Increased by National Bank Financial

EQB Inc. (TSE:EQB) – Equities researchers at National Bank Financial upped their FY2025 earnings per share estimates for shares of EQB in a research report issued on Tuesday, February 25th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $12.02 per share for the year, up from their prior estimate of $11.91. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB’s FY2025 earnings at $12.02 EPS.

EQB has been the topic of a number of other research reports. Royal Bank of Canada cut their price objective on EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research report on Thursday. CIBC upped their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. TD Securities cut EQB from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Scotiabank cut their target price on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, National Bankshares raised their target price on shares of EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$122.80.

EQB Trading Down 1.9 %

Shares of TSE EQB opened at C$101.27 on Friday. The stock has a fifty day simple moving average of C$105.27 and a 200-day simple moving average of C$103.91. EQB has a twelve month low of C$78.24 and a twelve month high of C$114.22. The stock has a market capitalization of C$3.92 billion, a PE ratio of 15.79, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.49 dividend. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.94%. EQB’s dividend payout ratio is presently 29.31%.

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.