Key Points
- Loblaw Companies Limited bought 6,100 EQB shares for about C$877,668 on July 15, and then added another 16,000 shares in two more trades later that week.
- The insider now owns 1,226,100 shares of EQB, worth roughly C$176.4 million, after a series of purchases that increased the position by 0.50%.
- EQB shares were trading near C$140.76, close to their 1-year high of C$150.32, while analysts currently have a Hold consensus with a target price of C$122.50.
EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited purchased 6,100 shares of the firm's stock in a transaction on Wednesday, July 15th. The stock was bought at an average cost of C$143.88 per share, with a total value of C$877,668.00. Following the completion of the acquisition, the insider directly owned 1,226,100 shares of the company's stock, valued at C$176,411,268. This trade represents 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 bought at an average price 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 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$140.76 on Tuesday. The firm has a market cap of C$4.99 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93. The company has a 50 day moving average price of C$125.25 and a 200-day moving average price of C$117.22. EQB Inc. has a 1-year low of C$83.93 and a 1-year high of C$150.32.
EQB (TSE:EQB - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The firm had revenue of C$302.36 million during the quarter. On average, sell-side analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.
EQB Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from EQB's previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. EQB's payout ratio is currently 44.01%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Desjardins raised their target price on EQB from C$130.00 to C$132.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. 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. Scotiabank increased their price target on 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. National Bank Financial set a C$120.00 price objective on EQB and gave the company a "sector perform" rating in a report on Friday, May 15th. Finally, Jefferies Financial Group boosted their price objective on EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$122.50.
View Our Latest Stock Report on EQB
EQB Company Profile
(
Get Free Report)
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.
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