Bank of Montreal (TSE:BMO) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$136.91 and traded as low as C$134.46. Bank of Montreal shares last traded at C$135.04, with a volume of 2,489,320 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Scotiabank lowered their price objective on Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. TD Securities boosted their price objective on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a "hold" rating in a research report on Tuesday, March 4th. Jefferies Financial Group cut their price target on shares of Bank of Montreal from C$155.00 to C$129.00 in a research note on Monday, April 21st. National Bankshares dropped their price objective on Bank of Montreal from C$161.00 to C$144.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Cibc World Mkts cut Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Bank of Montreal currently has an average rating of "Hold" and an average price target of C$144.85.

Bank of Montreal Stock Up 2.3%

The stock's fifty day moving average is C$134.38 and its two-hundred day moving average is C$137.15. The firm has a market capitalization of C$102.74 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th will be given a dividend of $1.59 per share. The ex-dividend date is Tuesday, April 29th. This represents a $6.36 dividend on an annualized basis and a yield of 4.48%. Bank of Montreal's dividend payout ratio (DPR) is 61.20%.

Insider Transactions at Bank of Montreal

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total transaction of C$482,024.87. Corporate insiders own 0.03% of the company's stock.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.