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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 8,000 shares of the business’s stock in a transaction on Friday, July 17th. The shares were bought at an average price of C$144.62 per share, for a total transaction of C$1,156,960.00. Following the purchase, the insider directly owned 1,242,100 shares in the company, valued at C$179,632,502. This represents a 0.65% increase in their position.

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

• On Wednesday, July 15th, Loblaw Companies Limited acquired 6,100 shares of EQB stock. The shares were bought at an average price 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 shares were bought 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 EQB opened at C$140.76 on Tuesday. The company’s fifty day moving average price is C$125.25 and its 200-day moving average price is C$117.22. EQB Inc. has a 1-year low of C$83.93 and a 1-year high of C$150.32. The firm has a market capitalization of C$4.99 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93.

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

EQB Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on EQB shares. Raymond James Financial decreased their target price 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. Scotiabank raised their price target on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. TD decreased their price objective on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price objective on shares of EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Finally, National Bank Financial set a C$120.00 price objective on shares of EQB and gave the company a “sector perform” rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, EQB presently has a consensus rating of “Hold” and an average target price of C$122.50.

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.