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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of C$134.00 per share, for a total transaction of C$1,072,000.00. Following the transaction, the insider directly owned 1,426,100 shares of the company’s stock, valued at C$191,097,400. The trade was a 0.56% increase in their position.

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

• On Tuesday, August 4th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were purchased at an average price of C$142.40 per share, for a total transaction 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 shares were purchased at an average cost 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 stock was purchased at an average price of C$144.62 per share, with a total value of C$1,156,960.00.
• On Monday, July 20th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was purchased at an average price of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Price Performance

Shares of TSE EQB opened at C$133.42 on Friday. The stock’s fifty day moving average price is C$136.02 and its two-hundred day moving average price is C$122.88. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32. The firm has a market cap of C$4.73 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 0.34 and a beta of 0.92.

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

EQB Increases Dividend

The firm 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. This is a positive change from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. EQB’s payout ratio is 44.01%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EQB. National Bank Financial boosted their price objective 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 raised their target price on shares of EQB from C$122.00 to C$129.00 and gave the stock a “hold” rating in a report on Thursday, August 13th. Raymond James Financial lifted their price target on shares of EQB from C$123.00 to C$136.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. 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 report on Friday, August 14th. Finally, Desjardins boosted their price target on EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$138.10.

EQB Company Profile

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.