Insider Selling: EQB (TSE:EQB) Insider Sells 400 Shares

EQB Inc. (TSE:EQB) insider David Wilkes sold 400 shares of the stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$139.07, for a total value of C$55,628.00. Following the completion of the sale, the insider owned 1,207 shares in the company, valued at approximately C$167,857.49. The trade was a 24.89% decrease in their position.

David Wilkes also recently made the following trade(s):

• On Friday, July 3rd, David Wilkes sold 102 shares of EQB stock. The shares were sold at an average price of C$139.06, for a total transaction of C$14,184.12.

EQB Trading Up 1.6%

Shares of TSE EQB traded up C$2.25 during mid-day trading on Friday, reaching C$139.15. The company had a trading volume of 83,602 shares, compared to its average volume of 123,605. The stock has a market cap of C$5.10 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$142.65. The business’s 50-day moving average is C$121.23 and its 200-day moving average is C$114.22.

EQB (TSE:EQB) last announced its quarterly earnings data 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 company had revenue of C$302.36 million during the quarter. As a group, equities research analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current year.

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 given a dividend of $0.61 per share. This is a boost from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. EQB’s dividend payout ratio is presently 44.01%.

Analysts Set New Price Targets

EQB has been the topic of a number of recent research reports. Scotiabank raised their price target on EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Jefferies Financial Group upped their price objective on shares of EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Raymond James Financial dropped their target price on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Desjardins raised their target price on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, TD reduced their price target on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$122.50.

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.