Cormark Has Bullish Outlook for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Cormark increased their FY2026 earnings per share (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.

EQB has been the subject of a number of other reports. Raymond James upped their target price on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Scotiabank dropped their price objective on EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. National Bankshares raised their price target on EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, CIBC raised their price objective on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, EQB currently has a consensus rating of “Moderate Buy” and a consensus price target of C$119.40.

EQB Stock Performance

EQB opened at C$103.28 on Thursday. 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 P/E ratio of 16.10, a PEG ratio of 0.34 and a beta of 1.59. The business’s 50-day simple moving average is C$105.22 and its 200-day simple moving average is C$103.93.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.90%. This is a positive change from EQB’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is currently 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.