Insider Buying: EQB (TSE:EQB) Insider Acquires 8,000 Shares

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 8,000 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were acquired at an average cost of C$144.62 per share, with a total value of C$1,156,960.00. Following the transaction, the insider owned 1,242,100 shares in the company, valued at approximately C$179,632,502. This trade represents a 0.65% increase in their ownership of the stock.

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

• On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The stock was purchased at an average cost of C$143.88 per share, with a total value of C$877,668.00.
• On Monday, July 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average cost of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Stock Down 1.3%

TSE:EQB traded down C$1.89 on Monday, reaching C$140.76. 150,669 shares of the company’s stock traded hands, compared to its average volume of 122,838. The stock has a 50-day simple moving average of C$125.25 and a 200-day simple moving average of C$117.22. The firm has a market cap of C$4.99 billion, a PE ratio of 27.65, a P/E/G ratio of 0.34 and a beta of 0.93. EQB Inc. has a 12 month low of C$83.93 and a 12 month high of C$150.32.

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

EQB Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Desjardins boosted their price objective on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. National Bank Financial set a C$120.00 target price on shares of EQB and gave the company a “sector perform” rating in a research note on Friday, May 15th. Raymond James Financial cut their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Scotiabank lifted their price objective on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Finally, Jefferies Financial Group increased their price objective on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$122.50.

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.