Loblaw Companies Limited Buys 8,000 Shares of EQB (TSE:EQB) Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of C$134.00 per share, with a total value of C$1,072,000.00. Following the completion of the purchase, the insider directly owned 1,426,100 shares in the company, valued at C$191,097,400. The trade was a 0.56% increase in their position.

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

• On Tuesday, August 4th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was 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 bought 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 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 shares were bought at an average cost 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 bought at an average cost of C$141.57 per share, with a total value of C$1,132,560.00.

EQB Trading Up 0.6%

TSE EQB opened at C$133.42 on Friday. The company’s 50-day moving average price is C$136.02 and its 200-day moving average price is C$122.88. The stock has a market cap of C$4.73 billion, a PE ratio of 26.21, a PEG ratio of 0.34 and a beta of 0.92. EQB Inc. has a 12 month low of C$83.93 and a 12 month high of C$150.32.

EQB (TSE:EQB) last announced 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%. As a group, sell-side analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.61 per share. This is a boost from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. EQB’s payout ratio is presently 44.01%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. National Bank Financial increased their price objective on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Raymond James Financial upped their target price on EQB from C$123.00 to C$136.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Jefferies Financial Group increased their price target on EQB from C$122.00 to C$129.00 and gave the stock a “hold” rating in a research report on Thursday, August 13th. Scotiabank raised their price target on EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Finally, TD lifted their price objective on EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, EQB currently has an average rating of “Moderate Buy” and a consensus price target of C$138.10.

EQB Company Profile

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.