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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 16,000 shares of EQB stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average cost of C$126.07 per share, for a total transaction of C$2,017,120.00. Following the completion of the transaction, the insider directly owned 1,724,100 shares in the company, valued at 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 stock was purchased 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 acquired 16,000 shares of EQB stock. The shares were purchased 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 bought 16,000 shares of EQB stock. The shares were purchased at an average cost of C$130.24 per share, for a total transaction of C$2,083,840.00.
• On Thursday, September 10th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased 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 purchased 16,000 shares of EQB stock. The shares were purchased at an average cost of C$126.79 per share, with a total value of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was purchased 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 purchased at an average cost of C$133.12 per share, with a total value of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average price 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 acquired at an average cost of C$137.01 per share, for a total transaction of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was acquired at an average price of C$124.91 per share, for a total transaction of C$1,998,560.00.

EQB Stock Performance

Shares of TSE:EQB traded up C$2.59 during trading on Monday, hitting C$126.77. The company’s stock had a trading volume of 113,183 shares, compared to its average volume of 123,370. The company has a market capitalization of C$4.64 billion, a PE ratio of -452.75, a PEG ratio of 0.34 and a beta of 0.83. EQB Inc. has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The stock’s 50-day moving average price is C$135.48 and its two-hundred day moving average price is C$124.92.

EQB (TSE:EQB) last issued its quarterly earnings data 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 during the quarter. On average, equities analysts predict that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from EQB’s previous quarterly dividend of $0.61. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. EQB’s dividend payout ratio is -828.57%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EQB shares. Royal Bank Of Canada upped their price target on shares of EQB from C$131.00 to C$146.00 and gave the company an “outperform” rating in a report on Friday, August 28th. National Bank Financial raised 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. Jefferies Financial Group dropped their target price on shares of EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Canadian Imperial Bank of Commerce cut their target price on shares of EQB from C$165.00 to C$154.00 and set an “outperformer” rating on the stock in a research note on Friday, August 28th. Finally, TD increased their price target on shares of EQB from C$123.00 to C$154.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, EQB has an average rating of “Hold” and a consensus price target of C$139.10.

EQB Company Profile

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.