EQB (TSE:EQB) Director Daniel Broten Sells 1,500 Shares

EQB Inc. (TSE:EQB) Director Daniel Broten sold 1,500 shares of the stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$141.74, for a total transaction of C$212,610.00. Following the sale, the director owned 5,033 shares of the company’s stock, valued at approximately C$713,377.42. This trade represents a 22.96% decrease in their ownership of the stock.

Daniel Broten also recently made the following trade(s):

• On Friday, July 3rd, Daniel Broten sold 200 shares of EQB stock. The stock was sold at an average price of C$141.51, for a total value of C$28,302.00.
• On Friday, July 3rd, Daniel Broten sold 41 shares of EQB stock. The stock was sold at an average price of C$141.50, for a total transaction of C$5,801.50.

EQB Price Performance

Shares of EQB stock traded up C$2.25 on Friday, reaching C$139.15. 83,602 shares of the company were exchanged, compared to its average volume of 123,605. The company has a 50-day moving average of C$121.23 and a 200-day moving average of C$114.22. The company has a market cap of C$5.10 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 0.34 and a beta of 1.01. EQB Inc. has a one year low of C$83.93 and a one year high of C$142.65.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The firm had revenue of C$302.36 million during the quarter. As a group, sell-side analysts predict that EQB Inc. will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.61 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. This represents a $2.44 annualized dividend and a yield of 1.8%. EQB’s dividend payout ratio (DPR) is 44.01%.

Analysts Set New Price Targets

EQB has been the subject of several recent research reports. Desjardins lifted their price objective on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Scotiabank upped their price objective on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Raymond James Financial cut their target price on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Jefferies Financial Group lifted their target price on shares of EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Finally, TD reduced their target price on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$122.50.

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.