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

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

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

• On Friday, July 17th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average cost 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 purchased at an average price of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Stock Down 1.3%

TSE EQB opened at C$140.76 on Tuesday. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$150.32. The company has a 50 day moving average price of C$125.25 and a 200 day moving average price of C$117.22. The firm has a market cap 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 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 company had revenue of C$302.36 million during the quarter. On average, equities research analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on EQB shares. Scotiabank boosted 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 decreased their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Desjardins raised their price target on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. TD dropped their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Finally, National Bank Financial set a C$120.00 price target on EQB and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.