Last C$64.90 CAD
Change Today +0.03 / 0.05%
Volume 6.9K
EQB On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:00 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

equitable group inc (EQB) Snapshot

Open
C$64.50
Previous Close
C$64.87
Day High
C$64.90
Day Low
C$64.00
52 Week High
07/22/14 - C$67.65
52 Week Low
10/1/13 - C$44.26
Market Cap
999.9M
Average Volume 10 Days
22.2K
EPS TTM
C$6.30
Shares Outstanding
15.4M
EX-Date
09/11/14
P/E TM
10.3x
Dividend
C$0.68
Dividend Yield
1.02%
Current Stock Chart for EQUITABLE GROUP INC (EQB)

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equitable group inc (EQB) Details

Equitable Group Inc., through its subsidiary, Equitable Bank, provides various financial services, including savings’ solutions and mortgage lending products to retail and commercial customers in Canada. The company provides single family lending services, such as mortgages for owner occupied and investment properties comprising detached or semi-detached houses, townhouses, and condos; and commercial lending services that funds mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plazas, professional offices, and industrial properties. It also offers securitization financing services, which focused on insured mortgages, primarily multi-unit residential properties funded through securitization programs. In addition, the company accepts deposits from the public by issuing guaranteed investment certificates (GICs), including non-registered and tax free savings accounts; high interest savings accounts; and short term, long term, and cashable GICs through deposit brokers. Equitable Group Inc. was founded in 1970 and is headquartered in Toronto, Canada.

320 Employees
Last Reported Date: 08/14/14
Founded in 1970

equitable group inc (EQB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$600.0K
Chief Financial Officer, Vice President, Chie...
Total Annual Compensation: C$267.8K
Chief Risk Officer of Equitable Trust and Sen...
Total Annual Compensation: C$266.3K
Vice-President of Commercial Mortgage Origina...
Total Annual Compensation: C$239.5K
Vice-President of Commercial Credit - Equitab...
Total Annual Compensation: C$222.8K
Compensation as of Fiscal Year 2013.

equitable group inc (EQB) Key Developments

Equitable Group Inc. Declares Quarterly Dividend on Common Shares and Preferred Shares, Payable on October 4, 2014 and September 30, 2014 Respectively

The Board of Directors of Equitable Group Inc. declared a common share dividend in the amount of $0.17 per common share, payable on October 4, 2014, to common shareholders of record at the close of business on September 15, 2014. The current dividend rate is 13% higher than the dividend declared a year ago. The Board also declared a quarterly dividend in the amount of $0.453125 per preferred share, payable on September 30, 2014, to preferred shareholders of record at the close of business on September 15, 2014.

Equitable Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Remainder of 2014

Equitable Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's interest income was $126,256,000 compared to $123,113,000 a year ago. Net interest income was $49,902,000 compared to $42,406,000 a year ago. Income before income taxes was $35,973,000 compared to $30,766,000 a year ago. Net income was $26,778,000 or $1.65 per diluted share compared to $22,898,000 or $1.43 per diluted share a year ago. Cash flows used in operating activities was $15,642,000 compared to cash flows from operating activities of $111,054,000 a year ago. Purchase of capital assets was $226,000 compared to $799,000 a year ago. Return on equity was 18.0%, compared to 17.9% in first quarter of 2014 and 18.2% in second quarter of 2013. Book value per common share was $38.16, up 17% from $32.55 at June 30, 2013. For the six months, the company's interest income was $250,294,000 compared to $244,642,000 a year ago. Net interest income was $98,586,000 compared to $82,569,000 a year ago. Income before income taxes was $70,054,000 compared to $58,576,000 a year ago. Net income was $52,069,000 or $3.22 per diluted share compared to $43,812,000 or $2.73 per diluted share a year ago. Cash flows from operating activities were $44,746,000 compared to net cash used in operating activities of $24,538,000 a year ago. Purchase of capital assets was $373,000 compared to $1,100,000 a year ago. The company expects that its growth and performance strategies will deliver high returns on shareholders' equity for the remainder of 2014.

Equitable Group Inc. Declares Dividend on Common Shares and Preferred Shares, Payable on July 3, 2014 and June 30, 2014 Respectively

The Board of Directors of Equitable Group Inc. declared a common share dividend in the amount of $0.17 per common share, payable July 3, 2014, to common shareholders of record at the close of business on June 13, 2014. This represents a 6% increase over dividends declared in the previous quarter. The Board also declared a quarterly dividend in the amount of $0.453125 per preferred share, payable June 30, 2014, to preferred shareholders of record at the close of business on June 13, 2014.

 

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EQB

Industry Average

Valuation EQB Industry Range
Price/Earnings 10.0x
Price/Sales 4.9x
Price/Book 1.7x
Price/Cash Flow 9.6x
TEV/Sales NM Not Meaningful
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