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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00. Following the acquisition, the insider directly owned 1,250,100 shares in the company, valued at C$176,976,657. The trade was a 0.64% increase in their ownership of the stock.

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

• On Wednesday, July 15th, Loblaw Companies Limited purchased 6,100 shares of EQB stock. The shares were bought 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 purchased 8,000 shares of EQB stock. The shares were bought at an average price of C$144.62 per share, with a total value of C$1,156,960.00.

EQB Stock Performance

EQB traded down C$1.89 during midday trading on Monday, reaching C$140.76. 150,669 shares of the company were exchanged, compared to its average volume of 122,838. The company has a market cap of C$4.99 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32. The company’s fifty day moving average price is C$125.25 and its 200 day moving average price is C$117.22.

EQB (TSE:EQB) last posted its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. The company 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%. As a group, sell-side analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.61 per share. This is a boost from EQB’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. This represents a $2.44 annualized dividend and a yield of 1.7%. EQB’s dividend payout ratio (DPR) is 44.01%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EQB. Jefferies Financial Group raised their price target on shares of EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Desjardins increased their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. TD dropped their target price 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. Scotiabank boosted their target price 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. Finally, 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. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, EQB currently has a consensus rating of “Hold” and a consensus target price 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.