Scotiabank Has Positive Outlook for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Scotiabank increased their FY2026 EPS estimates for EQB in a research note issued on Wednesday, August 19th. Scotiabank analyst M. Saric now anticipates that the company will earn $9.21 per share for the year, up from their previous forecast of $9.07. Scotiabank currently has a “Sector Perform” rating and a $125.00 target price on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

EQB has been the topic of a number of other research reports. National Bank Financial boosted their target price on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. TD lifted their price target on EQB from C$123.00 to C$154.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Desjardins boosted their price objective on EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Jefferies Financial Group boosted their price objective on EQB from C$122.00 to C$129.00 and gave the stock a “hold” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial upped their price objective on EQB from C$123.00 to C$136.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, EQB currently has a consensus rating of “Moderate Buy” and an average price target of C$138.10.

EQB Stock Performance

TSE:EQB opened at C$134.60 on Monday. EQB has a 52 week low of C$83.93 and a 52 week high of C$150.32. The firm has a 50-day moving average price of C$136.60 and a two-hundred day moving average price of C$123.31. The firm has a market cap of C$4.77 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The business had revenue of C$302.36 million for the quarter.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from EQB’s previous quarterly dividend of $0.59. EQB’s payout ratio is currently 44.01%.

Insider Activity at EQB

In related news, Director Daniel Broten sold 1,500 shares of EQB stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$141.74, for a total value of C$212,610.00. Following the sale, the director owned 5,033 shares of the company’s stock, valued at approximately C$713,377.42. The trade was a 22.96% decrease in their position. Also, insider Loblaw Companies Limited acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was purchased at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00. Following the purchase, the insider owned 1,250,100 shares of the company’s stock, valued at C$176,976,657. The trade was a 0.64% increase in their position. Over the last quarter, insiders bought 46,100 shares of company stock valued at $6,479,348 and sold 7,484 shares valued at $1,069,719. Company insiders own 29.02% of the company’s stock.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.