Insider Buying: EQB (TSE:EQB) Director Acquires 200 Shares of Stock

EQB Inc. (TSE:EQB) Director Andrew Michael Bunston purchased 200 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average price of C$126.37 per share, for a total transaction of C$25,274.00. Following the completion of the acquisition, the director owned 200 shares of the company’s stock, valued at approximately C$25,274. This represents a ∞ increase in their ownership of the stock.

EQB Trading Down 0.1%

Shares of EQB stock traded down C$0.17 on Friday, hitting C$126.20. 61,027 shares of the stock were exchanged, compared to its average volume of 123,349. The firm has a market capitalization of C$4.62 billion, a P/E ratio of -450.71, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. EQB Inc. has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The business has a 50-day moving average of C$134.07 and a 200 day moving average of C$125.09.

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

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.63 dividend. This is a boost from EQB’s previous quarterly dividend of $0.61. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 15th. EQB’s payout ratio is presently -828.57%.

Analyst Ratings Changes

Several brokerages have issued reports on EQB. TD lifted their price target on shares of EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada increased their price target on EQB from C$131.00 to C$146.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. National Bank Financial raised their price target on EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce lowered their price target on EQB from C$165.00 to C$154.00 and set an “outperformer” rating on the stock in a research report on Friday, August 28th. Finally, Scotiabank dropped their price objective on EQB from C$141.00 to C$135.00 in a research note on Monday, August 31st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.