EQB (TSE:EQB) Insider David Wilkes Sells 400 Shares of Stock

EQB Inc. (TSE:EQB) insider David Wilkes sold 400 shares of the stock in a transaction dated 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 sale, the insider owned 1,207 shares of the company’s stock, valued at C$167,857.49. This represents 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 value of C$14,184.12.

EQB Stock Up 1.6%

TSE EQB traded up C$2.25 during trading hours on Friday, reaching C$139.15. The company’s stock had a trading volume of 83,602 shares, compared to its average volume of 123,605. EQB Inc. has a 1 year low of C$83.93 and a 1 year high of C$142.65. The company has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 0.34 and a beta of 1.01. The firm’s 50-day moving average price is C$121.23 and its 200-day moving average price 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 (EPS) for the quarter. The business had revenue of C$302.36 million during the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. Equities research analysts anticipate that EQB Inc. will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid 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 annualized dividend and a yield of 1.8%. EQB’s dividend payout ratio is 44.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EQB shares. TD reduced their target price on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Scotiabank increased 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 raised their price target on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Desjardins lifted their price objective on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial set a C$120.00 price objective on EQB and gave the stock a “sector perform” rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.