Cormark Has Bullish Outlook for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Cormark boosted their FY2026 EPS estimates for shares of EQB in a note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $13.81 per share for the year, up from their previous estimate of $13.78. Cormark currently has a “Market Perform” rating and a $110.00 price target on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

A number of other brokerages also recently issued reports on EQB. BMO Capital Markets boosted their price target on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the company a “buy” rating in a research report on Thursday, January 30th. Raymond James boosted their price target on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Desjardins set a C$130.00 target price on shares of EQB and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, CIBC increased their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$119.40.

EQB Price Performance

TSE:EQB opened at C$103.28 on Thursday. The firm’s 50 day simple moving average is C$105.22 and its 200 day simple moving average is C$103.93. EQB has a one year low of C$78.24 and a one year high of C$114.22. The company has a market cap of C$4.00 billion, a PE ratio of 16.10, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, December 13th. This is an increase from EQB’s previous quarterly dividend of $0.47. EQB’s dividend payout ratio is 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.