EQB (TSE:EQB) Insider Acquires C$1,139,200.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of C$142.40 per share, for a total transaction of C$1,139,200.00. Following the transaction, the insider directly owned 1,330,100 shares in the company, valued at C$189,406,240. This trade represents a 0.61% increase in their position.

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

• On Thursday, August 6th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was bought at an average price of C$137.62 per share, with a total value of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited acquired 6,100 shares of EQB stock. The shares were bought 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 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 bought 8,000 shares of EQB stock. The shares were bought at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00.

EQB Price Performance

EQB stock traded up C$1.30 during mid-day trading on Friday, reaching C$139.33. The company had a trading volume of 20,476 shares, compared to its average volume of 119,431. The stock’s 50-day simple moving average is C$131.55 and its 200-day simple moving average is C$120.55. EQB Inc. has a 1 year low of C$83.93 and a 1 year high of C$150.32. The company has a market capitalization of C$4.94 billion, a P/E ratio of 27.37, a P/E/G ratio of 0.34 and a beta of 0.92.

EQB (TSE:EQB) last announced its quarterly 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 for the quarter. On average, equities analysts forecast that EQB Inc. will post 12.5988235 EPS for the current fiscal 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 issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.8%. This is a positive change 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 is currently 44.01%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. National Bank Financial set a C$120.00 price target on EQB and gave the stock a “sector perform” rating in a research note on Friday, May 15th. TD dropped their target price 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. Desjardins lifted their target price on shares of EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James Financial lowered their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Finally, Scotiabank raised their price objective on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.