Key Points
- Loblaw Companies Limited bought 8,000 EQB shares at C$134 each, investing C$1.072 million and increasing its ownership by 0.56% to 1,426,100 shares. The purchase follows several additional EQB acquisitions since mid-July.
- EQB shares opened at C$133.42, with a market capitalization of approximately C$4.73 billion and a 52-week range of C$83.93 to C$150.32.
- Analysts maintain a consensus “Moderate Buy” rating with an average target price of C$138.10, while EQB recently increased its quarterly dividend to $0.61 per share, yielding approximately 1.8% annually.
EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited bought 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was purchased at an average cost of C$134.00 per share, with a total value of C$1,072,000.00. Following 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 shares were acquired at an average cost of C$142.40 per share, for a total transaction of C$1,139,200.00.
- On Thursday, August 6th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired 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 stock was bought 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 bought 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 bought 8,000 shares of EQB stock. The shares were 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 TSE EQB opened at C$133.42 on Friday. The company has a market capitalization 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 52-week low of C$83.93 and a 52-week high of C$150.32. The company's 50 day moving average price is C$136.02 and its 200-day moving average price is C$122.88.
EQB (TSE:EQB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. The company had revenue of C$302.36 million during the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. Analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current year.
EQB Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, June 15th. This is an increase from EQB's previous quarterly dividend of $0.59. EQB's dividend payout ratio (DPR) is 44.01%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on EQB. National Bank Financial boosted their price objective on EQB from C$120.00 to C$143.00 and gave the company a "sector perform" rating in a research note on Thursday, August 13th. Jefferies Financial Group raised their target price on EQB from C$122.00 to C$129.00 and gave the stock a "hold" rating in a research note on Thursday, August 13th. Raymond James Financial raised their target price on EQB from C$123.00 to C$136.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 13th. Scotiabank lifted their target price on EQB from C$122.00 to C$125.00 and gave the stock a "sector perform" rating in a report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce boosted their price target on EQB from C$151.00 to C$165.00 and gave the company an "outperformer" rating in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$138.10.
View Our Latest Research 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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