Bank of Montreal (TSE:BMO) Reaches New 12-Month High at $133.26

Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO reached a new 52-week high during trading on Thursday . The company traded as high as C$133.26 and last traded at C$133.13, with a volume of 149599 shares traded. The stock had previously closed at C$131.15.

Analysts Set New Price Targets

Several research analysts have commented on the company. National Bankshares lowered their target price on Bank of Montreal from C$141.00 to C$137.00 in a research note on Wednesday, February 28th. TD Securities cut their price target on Bank of Montreal from C$140.00 to C$135.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Royal Bank of Canada cut their price target on Bank of Montreal from C$134.00 to C$130.00 and set an "outperform" rating on the stock in a report on Wednesday, February 28th. CIBC lowered their target price on Bank of Montreal from C$125.00 to C$120.00 and set a "neutral" rating on the stock in a research report on Friday, March 8th. Finally, Canaccord Genuity Group lowered their target price on 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. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$132.39.

Bank of Montreal Trading Down 0.2 %

The stock has a 50 day simple moving average of C$127.22 and a 200 day simple moving average of C$120.58. The firm has a market capitalization of C$94.97 billion, a PE ratio of 18.03, a PEG ratio of 0.54 and a beta of 1.17.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last issued its quarterly earnings data on Tuesday, February 27th. The bank reported C$2.56 earnings per share for the quarter, missing analysts' consensus estimates of C$3.03 by C($0.47). The business had revenue of C$7.67 billion during the quarter, compared to the consensus estimate of C$8.57 billion. Bank of Montreal had a return on equity of 7.28% and a net margin of 17.71%. As a group, equities analysts anticipate that Bank of Montreal will post 11.3700787 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 given 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 4.61%. Bank of Montreal's dividend payout ratio is currently 83.20%.

Insider Activity at Bank of Montreal

In related news, 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 transaction of C$375,985.72. In other Bank of Montreal news, Director Darrel Hackett sold 3,297 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was 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 the business's stock in a transaction 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. 0.03% of the stock is currently owned by corporate insiders.

About Bank of Montreal

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.