EQB (TSE:EQB) Insider Loblaw Companies Limited Buys 6,100 Shares of Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 6,100 shares of EQB stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average cost of C$143.88 per share, with a total value of C$877,668.00. Following the acquisition, the insider directly owned 1,226,100 shares in the company, valued at C$176,411,268. This trade represents a 0.50% increase in their position.

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

• On Friday, July 17th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average price of C$144.62 per share, for a total transaction of C$1,156,960.00.
• On Monday, July 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average price of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Stock Performance

Shares of EQB stock traded down C$1.89 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 P/E/G ratio of 0.34 and a beta of 0.93. EQB Inc. has a 1 year low of C$83.93 and a 1 year high of C$150.32. The business has a 50-day moving average price of C$125.25 and a 200 day moving average price of C$117.22.

EQB (TSE:EQB) last released its 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 for the quarter. As a group, equities analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EQB shares. TD dropped their target price on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Jefferies Financial Group raised their price target on shares of EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Desjardins raised their target price 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 price target on EQB and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Raymond James Financial decreased their target price on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.