EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited bought 8,000 shares of the firm's stock in a transaction on Monday, August 24th. The stock was purchased at an average price of C$133.47 per share, for a total transaction of C$1,067,760.00. Following the completion of the acquisition, the insider directly owned 1,442,100 shares in the company, valued at C$192,477,087. The trade was a 0.56% increase in their ownership of the stock.
Loblaw Companies Limited also recently made the following trade(s):
- On Wednesday, August 26th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average price of C$137.01 per share, with a total value of C$1,096,080.00.
- On Thursday, August 27th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were purchased at an average price of C$124.91 per share, with a total value of C$1,998,560.00.
- On Thursday, August 20th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average cost of C$134.00 per share, for a total transaction of C$1,072,000.00.
- On Tuesday, August 4th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired at an average price 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 price of C$137.62 per share, for a total transaction of C$1,100,960.00.
- On Wednesday, July 15th, Loblaw Companies Limited acquired 6,100 shares of EQB stock. The stock was acquired at an average price of C$143.88 per share, with a total value of C$877,668.00.
- On Friday, July 17th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired at an average price of C$144.62 per share, with a total value of C$1,156,960.00.
- On Monday, July 20th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average cost of C$141.57 per share, with a total value of C$1,132,560.00.
EQB Stock Down 2.5%
TSE:EQB opened at C$125.60 on Friday. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$150.32. The company has a market capitalization of C$4.45 billion, a P/E ratio of 24.68, a P/E/G ratio of 0.34 and a beta of 0.92. The stock's fifty day moving average is C$136.98 and its two-hundred day moving average is C$123.61.
EQB (TSE:EQB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 EPS for the quarter. The business had revenue of C$393.04 million for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. Sell-side analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.
EQB Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.61 dividend. This is an increase from EQB's previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. This represents a $2.44 annualized dividend and a yield of 1.9%. EQB's payout ratio is presently 44.01%.
Analysts Set New Price Targets
A number of brokerages have weighed in on EQB. Royal Bank Of Canada lifted their price target on shares of EQB from C$131.00 to C$146.00 and gave the company an "outperform" rating in a research report on Friday. National Bank Financial upped their price objective on shares of EQB from C$120.00 to C$143.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th. Desjardins lowered their price objective on shares of EQB from C$155.00 to C$150.00 and set a "buy" rating for the company in a research report on Friday. Scotiabank increased their price objective on shares of 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. Finally, Jefferies Financial Group lifted their target price on shares of EQB from C$122.00 to C$129.00 and gave the company a "hold" rating in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, EQB currently has a consensus rating of "Hold" and a consensus target price of C$138.30.
Check Out Our Latest Research Report on EQB
Key Headlines Impacting EQB
Here are the key news stories impacting EQB this week:
- Positive Sentiment: Insider buying signals confidence: Loblaw Companies Limited purchased a combined 32,000 EQB shares in three transactions on August 24, 26 and 27, spending approximately C$4.2 million. Its ownership rose to 1.47 million shares, potentially providing a positive signal about the long-term outlook. EQB insider trading report
- Positive Sentiment: Several analysts remain bullish: BMO Capital maintained a Buy rating and C$145 target, while RBC raised its target to C$146 and kept an Outperform rating. Desjardins and CIBC also retained positive ratings with C$150 and C$154 targets, respectively. These targets imply substantial potential upside if EQB successfully integrates PC Financial. BMO analyst rating
- Neutral Sentiment: Analyst views are mixed: Raymond James downgraded EQB to Underperform and cut its price target to C$120 from C$136, offsetting the more optimistic recommendations from other banks. EQB analyst ratings
- Negative Sentiment: Third-quarter results raised credit concerns: EQB reported a C$127 million net loss after recording a C$219 million provision for credit losses tied largely to the PC Financial transaction. Although revenue reached C$393.04 million and adjusted EPS was reported at C$2.12, the large provision weakened profitability and reduced return on equity to 6.16%. MarketWatch EQB third-quarter loss article
- Negative Sentiment: Near-term execution risk has increased: Investors are weighing whether PC Financial’s expected diversification of deposits and revenue will ultimately offset integration costs and credit losses. The earnings-related decline reflects skepticism about the acquisition’s immediate financial impact. Investment Executive EQB results article
About EQB
(
Get Free Report)
EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country's seventh largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.
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