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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 8,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of C$137.62 per share, with a total value of C$1,100,960.00. Following the acquisition, the insider directly owned 1,346,100 shares in the company, 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 acquired 8,000 shares of EQB stock. The stock was bought 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 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 Trading Up 1.4%

Shares of EQB stock opened at C$140.01 on Friday. EQB Inc. has a 12-month low of C$83.93 and a 12-month high of C$150.32. The stock has a market cap of C$4.96 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. The company has a 50-day moving average of C$132.01 and a two-hundred day moving average of C$120.69.

EQB (TSE:EQB) last released its quarterly earnings results 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, sell-side 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 1.7%. 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%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQB. National Bank Financial set a C$120.00 price target on EQB and gave the company a “sector perform” rating in a research report on Friday, May 15th. TD decreased their price objective on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. 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. Raymond James Financial dropped their target price on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Finally, Scotiabank lifted their target price on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$124.80.

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.