EQB (TSE:EQB) Insider Buys 16,000 Shares of Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 16,000 shares of EQB stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average cost of C$127.81 per share, with a total value of C$2,044,960.00. Following the acquisition, the insider directly owned 1,548,100 shares in the company, valued at C$197,862,661. This trade represents a 1.04% increase in their position.

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

• On Monday, August 31st, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was acquired at an average price of C$126.79 per share, with a total value of C$2,028,640.00.
• On Thursday, September 3rd, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were acquired at an average price of C$133.12 per share, with a total value of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was acquired at an average price of C$133.47 per share, for a total transaction of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired at an average price of C$137.01 per share, with a total value of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was bought at an average price of C$124.91 per share, with a total value of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average price of C$134.00 per share, for a total transaction of C$1,072,000.00.
• On Tuesday, August 4th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average price of C$142.40 per share, with a total value of C$1,139,200.00.
• On Thursday, August 6th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average cost of C$137.62 per share, with a total value of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited purchased 6,100 shares of EQB stock. The stock was purchased 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 acquired 8,000 shares of EQB stock. The shares were purchased at an average cost of C$144.62 per share, with a total value of C$1,156,960.00.

EQB Stock Down 0.8%

Shares of EQB stock traded down C$1.05 during trading on Friday, reaching C$132.92. 113,816 shares of the stock were exchanged, compared to its average volume of 121,772. The firm has a market cap of C$5.66 billion, a price-to-earnings ratio of -474.71, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. EQB Inc. has a 1 year low of C$83.93 and a 1 year high of C$150.32. The stock’s fifty day moving average is C$137.22 and its 200 day moving average is C$124.06.

EQB (TSE:EQB) last announced its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. The company had revenue of C$393.04 million for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. Equities analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.61 per share. This is a boost from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. EQB’s dividend payout ratio is currently -828.57%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. National Bank Financial lifted their price target on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Jefferies Financial Group decreased their price objective on shares of EQB from C$128.00 to C$127.00 in a report on Thursday. Canadian Imperial Bank of Commerce dropped their target price on shares of EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a research report on Friday, August 28th. Scotiabank reduced their price target on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. Finally, Desjardins decreased their price target on shares of EQB from C$155.00 to C$150.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, EQB has an average rating of “Hold” and a consensus price target of C$139.10.

About EQB

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.