Insider Buying: EQB (TSE:EQB) Insider Acquires C$1,064,960.00 in Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 8,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was bought at an average cost of C$133.12 per share, for a total transaction of C$1,064,960.00. Following the transaction, the insider owned 1,556,100 shares of the company’s stock, valued at approximately C$207,148,032. This trade represents a 0.52% increase in their position.

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

• On Monday, August 31st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were bought at an average price of C$126.79 per share, with a total value of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was bought at an average cost of C$127.81 per share, for a total transaction of C$2,044,960.00.
• On Monday, August 24th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average price of C$133.47 per share, for a total transaction of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were purchased at an average cost 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 cost of C$124.91 per share, for a total transaction 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 price of C$134.00 per share, with a total value of C$1,072,000.00.
• On Tuesday, August 4th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average cost of C$142.40 per share, with a total value of C$1,139,200.00.
• On Thursday, August 6th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were 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 bought 6,100 shares of EQB stock. The shares were 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 bought 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.

EQB Trading Down 0.8%

Shares of EQB stock traded down C$1.05 during mid-day trading on Friday, reaching C$132.92. The stock had a trading volume of 113,816 shares, compared to its average volume of 121,772. The stock’s 50-day moving average price is C$137.22 and its two-hundred day moving average price is C$124.06. The firm has a market capitalization of C$5.66 billion, a PE ratio of -474.71, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. EQB Inc. has a 52-week low of C$83.93 and a 52-week high of C$150.32.

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

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 annualized dividend and a yield of 1.8%. EQB’s payout ratio is currently -828.57%.

Wall Street Analyst Weigh In

EQB has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reduced their price objective on 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. TD upped their price objective on EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Scotiabank cut their target price on EQB from C$141.00 to C$135.00 in a research note on Monday, August 31st. Desjardins decreased their price target on EQB from C$155.00 to C$150.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Finally, Jefferies Financial Group reduced their price objective on EQB from C$128.00 to C$127.00 in a report on Thursday. Six investment 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 data from MarketBeat.com, EQB has an average rating of “Hold” and a consensus price target of C$139.10.

About EQB

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.