Insider Buying: EQB (TSE:EQB) Insider Buys 16,000 Shares

EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited acquired 16,000 shares of the company's stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of C$126.07 per share, with a total value of C$2,017,120.00. Following the purchase, the insider owned 1,724,100 shares in the company, valued at approximately C$217,357,287. This represents a 0.94% increase in their position.

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

• On Tuesday, September 15th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were acquired at an average cost of C$126.95 per share, with a total value of C$2,031,200.00.
• On Thursday, September 17th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The shares were acquired at an average price of C$126.90 per share, for a total transaction of C$2,030,400.00.
• On Tuesday, September 8th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was acquired at an average cost of C$130.24 per share, with a total value of C$2,083,840.00.
• On Thursday, September 10th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were acquired at an average price of C$128.16 per share, with a total value of C$2,050,560.00.
• On Monday, August 31st, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were bought at an average cost of C$126.79 per share, for a total transaction of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was bought at an average price of C$127.81 per share, for a total transaction of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was bought at an average price of C$133.12 per share, for a total transaction of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was bought at an average cost of C$133.47 per share, with a total value of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were bought 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 bought 16,000 shares of EQB stock. The shares were bought at an average price of C$124.91 per share, with a total value of C$1,998,560.00.

EQB Price Performance

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Shares of EQB stock opened at C$126.77 on Tuesday. The stock's fifty day simple moving average is C$135.48 and its 200 day simple moving average is C$124.92. The firm has a market cap of C$4.64 billion, a price-to-earnings ratio of -452.75, a P/E/G ratio of 0.34 and a beta of 0.83. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32.

EQB (TSE:EQB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%.The firm had revenue of C$393.04 million for the quarter. On average, research analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be paid a $0.63 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. This is a boost from EQB's previous quarterly dividend of $0.61. EQB's dividend payout ratio is presently -828.57%.

Analysts Set New Price Targets

EQB has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce dropped their target price on shares of EQB from C$165.00 to C$154.00 and set an "outperformer" rating for the company in a research report on Friday, August 28th. Royal Bank Of Canada boosted 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, August 28th. Jefferies Financial Group decreased their price objective on shares of EQB from C$128.00 to C$127.00 in a research note on Thursday, September 3rd. Raymond James Financial lowered shares of EQB from a "hold" rating to a "strong sell" rating and dropped their price objective for the stock from C$136.00 to C$120.00 in a report on Friday, August 28th. Finally, TD lifted their target price on shares of EQB from C$123.00 to C$154.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, EQB has an average rating of "Hold" and a consensus price target of C$139.10.

Read Our Latest Analysis on EQB

EQB Company Profile

(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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