Insider Buying: EQB (TSE:EQB) Insider Buys C$2,017,120.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 16,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of C$126.07 per share, for a total transaction of C$2,017,120.00. Following the purchase, the insider directly owned 1,724,100 shares in the company, valued at approximately C$217,357,287. The trade was a 0.94% increase in their ownership of the stock.

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

• On Tuesday, September 15th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were acquired at an average cost of C$126.95 per share, with a total value of C$2,031,200.00.
• On Thursday, September 17th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were acquired at an average price of C$126.90 per share, for a total transaction of C$2,030,400.00.
• On Tuesday, September 8th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The shares were acquired at an average cost of C$130.24 per share, with a total value of C$2,083,840.00.
• On Thursday, September 10th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was bought at an average cost of C$128.16 per share, for a total transaction of C$2,050,560.00.
• On Monday, August 31st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was bought at an average cost of C$126.79 per share, for a total transaction of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average price of C$127.81 per share, for a total transaction of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average cost of C$133.12 per share, for a total transaction of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average cost of C$133.47 per share, for a total transaction of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average cost of C$137.01 per share, with a total value of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was purchased at an average price of C$124.91 per share, for a total transaction of C$1,998,560.00.

EQB Stock Down 0.4%

TSE EQB opened at C$124.97 on Thursday. The company has a market cap of C$4.58 billion, a PE ratio of -446.32, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$150.32. The firm’s 50-day simple moving average is C$134.77 and its two-hundred day simple moving average is C$125.03.

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

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.63 per share. This is a positive change from EQB’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. EQB’s payout ratio is currently -828.57%.

Analyst Ratings Changes

A number of research firms have recently commented on EQB. Scotiabank cut their price objective on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. National Bank Financial raised their price target 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. Raymond James Financial lowered shares of EQB from a “hold” rating to a “strong sell” rating and reduced their price target for the company from C$136.00 to C$120.00 in a research report on Friday, August 28th. Jefferies Financial Group decreased their price target on shares of EQB from C$128.00 to C$127.00 in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada increased their price objective on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average 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.