Bank of Montreal (TSE:BMO) Hits New 12-Month High at $25.11

Shares of Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) reached a new 52-week high on Wednesday . The company traded as high as C$25.11 and last traded at C$130.50, with a volume of 857884 shares. The stock had previously closed at C$133.53.

Analysts Set New Price Targets

Several equities analysts have commented on BMO shares. National Bankshares cut their price target on Bank of Montreal from C$141.00 to C$137.00 in a report on Wednesday, February 28th. Bank of America upgraded shares of Bank of Montreal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$120.00 to C$145.00 in a research note on Monday, December 18th. Scotiabank reduced their price objective on Bank of Montreal from C$145.00 to C$141.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Canaccord Genuity Group reduced their price target on shares of Bank of Montreal from C$137.00 to C$136.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, Jefferies Financial Group reduced their price objective on Bank of Montreal from C$144.00 to C$136.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$132.39.

Check Out Our Latest Analysis on Bank of Montreal

Bank of Montreal Stock Performance

The stock has a fifty day simple moving average of C$127.59 and a 200-day simple moving average of C$121.08. The stock has a market cap of C$94.06 billion, a P/E ratio of 17.83, a PEG ratio of 0.54 and a beta of 1.18.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, February 27th. The bank reported C$2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$3.03 by C($0.47). Bank of Montreal had a return on equity of 7.28% and a net margin of 17.71%. The firm had revenue of C$7.67 billion for the quarter, compared to the consensus estimate of C$8.57 billion. On average, research analysts anticipate that Bank of Montreal will post 11.497828 earnings per share for the current year.

Bank of Montreal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, April 29th will be issued a $1.51 dividend. The ex-dividend date is Friday, April 26th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 4.66%. Bank of Montreal’s dividend payout ratio (DPR) is presently 83.08%.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 2,882 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$130.46, for a total value of C$375,985.72. In other Bank of Montreal news, Director Darrel Hackett sold 3,297 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$91.76, for a total value of C$302,532.72. Also, Senior Officer Nadim Hirji sold 2,882 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$130.46, for a total value of C$375,985.72. Company insiders own 0.03% of the company’s stock.

About Bank of Montreal

(Get Free Report)

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.

See Also

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.