Loblaw Companies Limited Purchases 8,000 Shares of EQB (TSE:EQB) Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 8,000 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 1,346,100 shares of the company’s stock, valued at approximately C$185,250,282. This represents a 0.60% increase in their ownership of the stock.

Loblaw Companies Limited also recently made the following trade(s):

• On Tuesday, August 4th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average price of C$142.40 per share, with a total value of C$1,139,200.00.
• On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The stock was acquired at an average cost of C$143.88 per share, for a total transaction of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average price of C$144.62 per share, for a total transaction of C$1,156,960.00.
• On Monday, July 20th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00.

EQB Stock Performance

EQB stock opened at C$140.01 on Friday. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$150.32. The stock has a market capitalization of C$4.96 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. The stock has a fifty day moving average of C$132.01 and a 200-day moving average of C$120.69.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The business had revenue of C$302.36 million for the quarter. On average, research analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current year.

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 issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 15th. EQB’s dividend payout ratio (DPR) is currently 44.01%.

Analysts Set New Price Targets

EQB has been the topic of several research reports. Desjardins lifted their price target on shares of EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Scotiabank raised their target price on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. TD decreased their target price on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Finally, National Bank Financial set a C$120.00 price target on shares of EQB and gave the stock a “sector perform” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$124.80.

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.