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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of EQB stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of C$142.40 per share, for a total transaction of C$1,139,200.00. Following the completion of the transaction, the insider directly owned 1,330,100 shares in the company, valued at approximately C$189,406,240. This trade represents a 0.61% increase in their ownership of the stock.

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

• On Thursday, August 6th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average price 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 stock was acquired 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 acquired at an average cost of C$144.62 per share, with a total value of C$1,156,960.00.
• On Monday, July 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were acquired at an average cost of C$141.57 per share, for a total transaction of C$1,132,560.00.

EQB Price Performance

TSE:EQB opened at C$140.01 on Friday. The firm has a market capitalization of C$4.96 billion, a P/E ratio of 27.51, a PEG ratio of 0.34 and a beta of 0.92. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32. The company’s 50-day simple moving average is C$132.01 and its 200 day simple moving average is C$120.69.

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

EQB Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EQB shares. National Bank Financial set a C$120.00 price objective on EQB and gave the company a “sector perform” rating in a research note on Friday, May 15th. Scotiabank increased 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. Raymond James Financial reduced their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Desjardins lifted their price target on EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD lowered their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, EQB currently has a consensus rating of “Hold” and an average price target of C$124.80.

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.