EQB Inc. (TSE:EQB – Get Free Report) insider Loblaw Companies Limited acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of C$137.01 per share, for a total transaction of C$1,096,080.00. Following the completion of the transaction, the insider directly owned 1,458,100 shares in the company, valued at approximately C$199,774,281. The trade was a 0.55% increase in their position.
Loblaw Companies Limited also recently made the following trade(s):
- On Monday, August 24th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were purchased at an average price of C$133.47 per share, with a total value of C$1,067,760.00.
- On Thursday, August 27th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The shares were purchased at an average price of C$124.91 per share, with a total value 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 cost of C$134.00 per share, for a total transaction of C$1,072,000.00.
- On Tuesday, August 4th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was purchased at an average price of C$142.40 per share, for a total transaction of C$1,139,200.00.
- On Thursday, August 6th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average price of C$137.62 per share, with a total value of C$1,100,960.00.
- On Wednesday, July 15th, Loblaw Companies Limited acquired 6,100 shares of EQB stock. The shares were purchased at an average cost 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 acquired at an average price of C$144.62 per share, for a total transaction of C$1,156,960.00.
- On Monday, July 20th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00.
EQB Trading Down 2.5%
Shares of TSE EQB opened at C$125.60 on Friday. EQB Inc. has a 1 year low of C$83.93 and a 1 year high of C$150.32. The firm’s 50-day moving average is C$136.98 and its 200-day moving average is C$123.61. The firm has a market capitalization of C$4.45 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.
EQB Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. This is a boost from EQB’s previous quarterly dividend of $0.59. EQB’s dividend payout ratio (DPR) is presently 44.01%.
Trending Headlines about EQB
Here are the key news stories impacting EQB this week:
- Positive Sentiment: Insider buying signals confidence: Loblaw Companies Limited purchased a combined 32,000 EQB shares in three transactions on August 24, 26 and 27, spending approximately C$4.2 million. Its ownership rose to 1.47 million shares, potentially providing a positive signal about the long-term outlook. EQB insider trading report
- Positive Sentiment: Several analysts remain bullish: BMO Capital maintained a Buy rating and C$145 target, while RBC raised its target to C$146 and kept an Outperform rating. Desjardins and CIBC also retained positive ratings with C$150 and C$154 targets, respectively. These targets imply substantial potential upside if EQB successfully integrates PC Financial. BMO analyst rating
- Neutral Sentiment: Analyst views are mixed: Raymond James downgraded EQB to Underperform and cut its price target to C$120 from C$136, offsetting the more optimistic recommendations from other banks. EQB analyst ratings
- Negative Sentiment: Third-quarter results raised credit concerns: EQB reported a C$127 million net loss after recording a C$219 million provision for credit losses tied largely to the PC Financial transaction. Although revenue reached C$393.04 million and adjusted EPS was reported at C$2.12, the large provision weakened profitability and reduced return on equity to 6.16%. MarketWatch EQB third-quarter loss article
- Negative Sentiment: Near-term execution risk has increased: Investors are weighing whether PC Financial’s expected diversification of deposits and revenue will ultimately offset integration costs and credit losses. The earnings-related decline reflects skepticism about the acquisition’s immediate financial impact. Investment Executive EQB results article
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on EQB shares. Jefferies Financial Group raised 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. Canadian Imperial Bank of Commerce dropped their price objective on EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a report on Friday. Desjardins cut their target price on EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank Of Canada raised their target price on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bank Financial boosted their target price on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, EQB currently has a consensus rating of “Hold” and a consensus price target of C$138.30.
Read Our Latest Stock Analysis on EQB
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.
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