National Bankshares Issues Positive Forecast for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price objective upped by National Bankshares from C$109.00 to C$117.00 in a report published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group set a C$129.00 price objective on shares of EQB and gave the company a “buy” rating in a report on Thursday, January 30th. Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. Raymond James boosted their price objective on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. CIBC boosted their price objective on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$119.40.

EQB Stock Performance

Shares of TSE EQB opened at C$103.28 on Wednesday. The stock has a market cap of C$4.00 billion, a P/E ratio of 16.10, a P/E/G ratio of 0.34 and a beta of 1.59. The firm has a 50 day moving average price of C$105.22 and a 200 day moving average price of C$103.93. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47. EQB’s dividend payout ratio is 29.31%.

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.