Bank of Montreal (TSE:BMO) hit a 12-month high of $25.11

Bank of Montreal (TSE:BMO – Get a Free Account) NYSE: BMO Shares hit a new 52-week high in midday trading on Wednesday. The stock traded as high as C$25.11 and last traded at C$130.50, with a volume of 857,884 shares. The stock had previously closed at C$133.53.

Upgrading and downgrading the analyzer

Several research firms have weighed in on BMO. Scotiabank reduced their target price on Bank of Montreal from C$145.00 to C$141.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Bank of America upgraded Bank of Montreal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$120.00 to C$145.00 in a research note on Monday, December 18th. Canaccord Genuity Group reduced their price objective on Bank of Montreal from C$137.00 to C$136.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada reduced their target price on Bank of Montreal from C$134.00 to C$130.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, CIBC decreased their target price on Bank of Montreal from C$125.00 to C$120.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Bank of Montreal currently has an average rating of “Average Buy” and an average target price of C$132.39, according to MarketBeat.com.

Read our latest research report on Bank of Montreal

Bank of Montreal Stock Performance

The company has a fifty day moving average of C$127.44 and a two hundred day moving average of C$120.95. The company has a market cap of C$94.23 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18.

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

Bank of Montreal announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, April 29th will be given a $1.51 dividend. This represents an annual dividend of $6.04 and a yield of 4.65%. The ex-dividend date for this dividend is Friday, April 26. Bank of Montreal's dividend payout ratio (DPR) is currently 83.08%.

Insider dealings at the Bank of Montreal

In related news, SVP Nadeem Hirji sold 2,882 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock traded at an average price of C$130.46, for a total transaction of C$375,985.72. In other Bank of Montreal news, Director Darrell Hackett sold 3,297 shares of the stock in a transaction dated Tuesday, March 5th. The stock traded at an average price of C$91.76, for a total value of C$302,532.72. Also, SVP Nadeem Hirji sold 2,882 shares of the stock in a transaction dated Tuesday, March 26th. Shares were traded at an average price of C$130.46, for a total value of C$375,985.72. Corporate insiders own 0.03% of the company.

Bank of Montreal Company Profile

(Get a free report)

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

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