Insider Buying: EQB (TSE:EQB) Insider Acquires C$1,072,000.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of C$134.00 per share, with a total value of C$1,072,000.00. Following the completion of the acquisition, the insider owned 1,426,100 shares in the company, valued at approximately C$191,097,400. This represents a 0.56% increase in their ownership of the stock.

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

• On Tuesday, August 4th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average price of C$142.40 per share, with a total value of C$1,139,200.00.
• On Thursday, August 6th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average cost of C$137.62 per share, for a total transaction of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited purchased 6,100 shares of EQB stock. The shares were purchased at an average price 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 stock was purchased 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 stock was purchased at an average cost of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Stock Performance

Shares of EQB stock opened at C$133.42 on Monday. The firm has a 50-day simple moving average of C$136.02 and a two-hundred day simple moving average of C$122.98. The company has a market cap of C$4.73 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. EQB Inc. has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32.

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

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 annualized dividend and a yield of 1.8%. EQB’s dividend payout ratio is 44.01%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQB. Desjardins upped their target price on EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. TD boosted their price target on shares of EQB from C$123.00 to C$154.00 and gave the stock a “buy” rating in a report on Friday, August 14th. National Bank Financial increased their price objective on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Raymond James Financial lifted their target price on shares of EQB from C$123.00 to C$136.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Finally, Scotiabank boosted their target price on shares of 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. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$138.10.

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.