Several brokerages have updated their recommendations and price targets on shares of EQB (TSE: EQB) in the last few weeks:
- 8/19/2026 – EQB had its price target raised by Canadian Imperial Bank of Commerce from C$151.00 to C$165.00. They now have an “outperformer” rating on the stock.
- 8/14/2026 – EQB had its price target raised by TD from C$123.00 to C$154.00. They now have a “buy” rating on the stock.
- 8/13/2026 – EQB had its price target raised by Jefferies Financial Group Inc. from C$122.00 to C$129.00. They now have a “hold” rating on the stock.
- 8/13/2026 – EQB had its price target raised by Raymond James Financial, Inc. from C$123.00 to C$136.00. They now have a “sector perform” rating on the stock.
- 8/13/2026 – EQB had its price target raised by National Bank Financial from C$120.00 to C$143.00. They now have a “sector perform” rating on the stock.
- 8/5/2026 – EQB had its price target raised by Desjardins from C$132.00 to C$155.00. They now have a “buy” rating on the stock.
EQB Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 15th. This is a positive change from EQB’s previous quarterly dividend of $0.59. EQB’s dividend payout ratio (DPR) is presently 44.01%.
Insider Activity
In other news, insider Loblaw Companies Limited purchased 8,000 shares of EQB stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of C$137.62 per share, with a total value of C$1,100,960.00. Following the transaction, the insider owned 1,346,100 shares in the company, valued at C$185,250,282. This represents a 0.60% increase in their ownership of the stock. Also, insider Gavin Stanley sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$137.37, for a total value of C$123,633.00. Following the completion of the transaction, the insider owned 2,238 shares in the company, valued at C$307,434.06. This represents a 28.68% decrease in their ownership of the stock. In the last 90 days, insiders bought 38,100 shares of company stock valued at $5,407,348 and sold 7,484 shares valued at $1,069,719. Corporate insiders own 29.02% of the company’s stock.
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.
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