EQB (TSE:EQB) Insider Buys C$877,668.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 6,100 shares of EQB stock in a transaction dated Wednesday, July 15th. The shares were bought at an average cost of C$143.88 per share, with a total value of C$877,668.00. Following the transaction, the insider owned 1,226,100 shares in the company, valued at approximately C$176,411,268. This trade represents a 0.50% increase in their ownership of the stock.

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

• On Friday, July 17th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were bought 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 bought at an average cost of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Trading Up 0.4%

Shares of TSE EQB opened at C$140.13 on Thursday. The firm has a market capitalization of C$4.97 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.34 and a beta of 0.93. The firm’s 50-day moving average price is C$126.28 and its 200-day moving average price is C$117.73. EQB Inc. has a 1-year low of C$83.93 and a 1-year high of C$150.32.

EQB (TSE:EQB) last issued its earnings results on Wednesday, May 27th. The company reported C$2.03 EPS 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 during the quarter. Equities research analysts forecast that EQB Inc. will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company 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 is a positive change from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. EQB’s payout ratio is currently 44.01%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EQB shares. Desjardins upped their target price on shares of EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised their target price on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. TD lowered their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Scotiabank raised their price objective 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. Finally, National Bank Financial set a C$120.00 target price on shares of EQB and gave the company a “sector perform” rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EQB presently has an average rating of “Hold” and an average price target of C$122.50.

EQB Company Profile

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.