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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 8,000 shares of EQB stock in a transaction dated Monday, July 20th. The stock was bought at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00. Following the completion of the purchase, the insider owned 1,250,100 shares in the company, valued at C$176,976,657. This represents a 0.64% increase in their position.

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

• On Wednesday, July 15th, Loblaw Companies Limited purchased 6,100 shares of EQB stock. The shares were bought at an average cost of C$143.88 per share, for a total transaction of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average price of C$144.62 per share, with a total value of C$1,156,960.00.

EQB Price Performance

Shares of TSE:EQB opened at C$140.76 on Tuesday. The company has a market cap of C$4.99 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 0.34 and a beta of 0.93. The firm has a 50 day simple moving average of C$125.25 and a 200 day simple moving average of C$117.22. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32.

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

EQB Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EQB shares. Jefferies Financial Group upped their target price on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Raymond James Financial cut their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. 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. Scotiabank upped their price objective on EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Finally, Desjardins raised their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EQB currently has a consensus rating of “Hold” and a consensus 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.