EQB (TSE:EQB) Director Andrew Michael Bunston Purchases 200 Shares of Stock

EQB Inc. (TSE:EQB – Get Free Report) Director Andrew Michael Bunston purchased 200 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of C$126.37 per share, with a total value of C$25,274.00. Following the transaction, the director owned 200 shares in the company, valued at C$25,274. This trade represents a ∞ increase in their ownership of the stock.

EQB Trading Down 0.1%

Shares of EQB traded down C$0.17 on Friday, reaching C$126.20. 61,027 shares of the company’s stock were exchanged, compared to its average volume of 123,349. The business has a 50 day moving average price of C$134.07 and a two-hundred day moving average price of C$125.09. EQB Inc. has a 12 month low of C$83.93 and a 12 month high of C$150.32. The stock has a market capitalization of C$4.62 billion, a P/E ratio of -450.71, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83.

EQB (TSE:EQB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. The firm had revenue of C$393.04 million for the quarter. Equities research analysts predict that EQB Inc. will post 12.5988235 EPS for the current 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 $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 an increase from EQB’s previous quarterly dividend of $0.61. EQB’s dividend payout ratio is -828.57%.

Analysts Set New Price Targets

EQB has been the subject of a number of recent analyst reports. TD upped 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. Raymond James Financial lowered EQB from a “hold” rating to a “strong sell” rating and decreased their target price for the stock from C$136.00 to C$120.00 in a research report on Friday, August 28th. Canadian Imperial Bank of Commerce lowered their price target on EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a research note on Friday, August 28th. Royal Bank Of Canada upped their price objective 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. Finally, Scotiabank lowered their price target on EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, EQB presently has a consensus rating of “Hold” and a consensus target price of C$139.10.

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EQB Company Profile

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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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