EQB (TSE:EQB) Insider Gavin Stanley Sells 900 Shares of Stock

EQB Inc. (TSE:EQB) insider Gavin Stanley sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$137.37, for a total value of C$123,633.00. Following the transaction, the insider directly owned 2,238 shares of the company’s stock, valued at C$307,434.06. The trade was a 28.68% decrease in their position.

Gavin Stanley also recently made the following trade(s):

• On Tuesday, July 7th, Gavin Stanley sold 700 shares of EQB stock. The stock was sold at an average price of C$136.91, for a total value of C$95,837.00.
• On Tuesday, July 7th, Gavin Stanley sold 100 shares of EQB stock. The stock was sold at an average price of C$136.86, for a total value of C$13,686.00.
• On Tuesday, July 7th, Gavin Stanley sold 241 shares of EQB stock. The shares were sold at an average price of C$136.85, for a total value of C$32,980.85.
• On Tuesday, July 7th, Gavin Stanley sold 400 shares of EQB stock. The shares were sold at an average price of C$137.01, for a total value of C$54,804.00.

EQB Stock Performance

Shares of EQB stock traded down C$2.35 during midday trading on Friday, reaching C$142.65. 194,458 shares of the company’s stock traded hands, compared to its average volume of 122,635. The stock has a 50 day moving average of C$124.79 and a 200-day moving average of C$116.86. EQB Inc. has a 12 month low of C$83.93 and a 12 month high of C$150.32. The company has a market cap of C$5.05 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93.

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. The business had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. On average, equities analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from EQB’s previous quarterly dividend of $0.59. EQB’s payout ratio is presently 44.01%.

EQB News Summary

Here are the key news stories impacting EQB this week:

• Positive Sentiment: No material positive company-specific news was reported in the provided articles.
• Neutral Sentiment: The company’s recent price strength and trading above key moving averages may be helping support the shares despite the insider activity.
• Negative Sentiment: Director Darren Lorimer sold multiple blocks of EQB shares on July 16, reducing his stake in several transactions. EQB insider sale details
• Negative Sentiment: Insider Gavin Stanley also sold several batches of EQB shares on July 7, including larger transactions that cut his ownership meaningfully. EQB insider sale details

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EQB shares. Raymond James Financial decreased their price target on shares of 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. National Bank Financial set a C$120.00 target price on EQB and gave the stock a “sector perform” rating in a report on Friday, May 15th. Desjardins increased their target price on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group raised their target price on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Finally, Scotiabank upped their price target on EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$122.50.

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.