EQB (TSE:EQB) Insider Acquires C$1,132,560.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of EQB stock in a transaction on Monday, July 20th. The stock was acquired at an average price of C$141.57 per share, with a total value of C$1,132,560.00. Following the completion of the purchase, the insider directly owned 1,250,100 shares of the company’s stock, valued at approximately C$176,976,657. The trade was a 0.64% increase in their ownership of the stock.

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

• On Wednesday, July 15th, Loblaw Companies Limited acquired 6,100 shares of EQB stock. The stock was acquired at an average cost of C$143.88 per share, with a total value of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired at an average price of C$144.62 per share, with a total value of C$1,156,960.00.

EQB Price Performance

TSE EQB opened at C$140.13 on Thursday. EQB Inc. has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The stock’s 50-day moving average is C$126.28 and its two-hundred day moving average is C$117.73. The firm has a market cap of C$4.97 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93.

EQB (TSE:EQB) last announced its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The firm had revenue of C$302.36 million during the quarter. On average, equities analysts expect that EQB Inc. will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.61 dividend. The ex-dividend date 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 dividend yield of 1.7%. EQB’s dividend payout ratio is 44.01%.

Analysts Set New Price Targets

EQB has been the subject of a number of recent research reports. National Bank Financial set a C$120.00 price objective on shares of EQB and gave the company a “sector perform” rating in a research note on Friday, May 15th. Desjardins boosted their price target on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Raymond James Financial dropped their price objective on EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. 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 research report on Thursday, May 28th. Finally, Jefferies Financial Group boosted their price target on shares of EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. 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, the stock has a consensus rating of “Hold” and a consensus 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.