EQB (TSE:EQB) Shares Pass Above 50 Day Moving Average – Time to Sell?

EQB Inc. (TSE:EQB) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$104.85 and traded as high as C$108.87. EQB shares last traded at C$107.87, with a volume of 51,727 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EQB. Cormark reduced 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. Raymond James decreased their price objective on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. CIBC lifted their target price on shares of EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. Scotiabank decreased their price target on EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. Finally, TD Securities dropped their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$106.56.

EQB Stock Performance

The company has a 50 day moving average of C$104.85 and a 200 day moving average of C$96.18. The stock has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, topping analysts’ consensus estimates of C$2.93 by C$0.03. EQB had a return on equity of 14.70% and a net margin of 39.67%. The business had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million. As a group, research analysts expect that EQB Inc. will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. The ex-dividend date was Friday, September 13th. 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%. 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.