EQB (TSE:EQB) Insider Buys C$1,100,960.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 8,000 shares of EQB stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of C$137.62 per share, with a total value of C$1,100,960.00. Following the transaction, the insider owned 1,346,100 shares in the company, valued at C$185,250,282. This trade represents a 0.60% increase in their position.

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 acquired at an average cost of C$142.40 per share, for a total transaction of C$1,139,200.00.
• On Wednesday, July 15th, Loblaw Companies Limited acquired 6,100 shares of EQB stock. The shares were acquired at an average price of C$143.88 per share, with a total value of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average cost of C$144.62 per share, with a total value of C$1,156,960.00.
• On Monday, July 20th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was bought at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00.

EQB Trading Up 0.9%

EQB stock traded up C$1.30 during trading on Friday, hitting C$139.33. 20,476 shares of the company were exchanged, compared to its average volume of 119,431. The company has a market capitalization of C$4.94 billion, a P/E ratio of 27.37, a PEG ratio of 0.34 and a beta of 0.92. The business’s 50 day moving average is C$131.55 and its 200 day moving average is C$120.55. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$150.32.

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

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase 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%. EQB’s payout ratio is 44.01%.

Analysts Set New Price Targets

Several research firms have weighed in on EQB. TD cut their price objective on 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. Raymond James Financial lowered their target price on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Desjardins increased their price target on shares of EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a research report on Wednesday. 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 report on Monday, June 1st. Finally, Jefferies Financial Group lifted their price objective on shares of EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, EQB presently has an average rating of “Hold” and an average price target 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.