Bank of Montreal (TSE:BMO) Given New C$143.00 Price Target at National Bankshares

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its price target raised by National Bankshares from C$137.00 to C$143.00 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the bank's stock.

A number of other research firms also recently weighed in on BMO. Royal Bank of Canada decreased their price objective on Bank of Montreal from C$134.00 to C$130.00 and set an outperform rating for the company in a report on Wednesday, February 28th. Jefferies Financial Group increased their price target on Bank of Montreal from C$136.00 to C$142.00 in a report on Monday. Canaccord Genuity Group decreased their price target on Bank of Montreal from C$137.00 to C$136.00 and set a buy rating for the company in a report on Wednesday, February 28th. CIBC decreased their price target on Bank of Montreal from C$125.00 to C$120.00 and set a neutral rating for the company in a report on Friday, March 8th. Finally, Scotiabank decreased their price target on Bank of Montreal from C$145.00 to C$141.00 and set an outperform rating for the company 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. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of C$133.33.

Bank of Montreal Stock Up 0.8 %

Shares of TSE:BMO traded up C$1.01 during trading on Friday, hitting C$129.63. 3,659,140 shares of the company were exchanged, compared to its average volume of 2,693,543. The company has a market capitalization of C$94.04 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. Bank of Montreal has a 1-year low of C$102.67 and a 1-year high of C$133.95. The business's 50 day moving average is C$128.25 and its 200-day moving average is C$123.92.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last posted 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 company had revenue of C$7.67 billion during the quarter, compared to analyst estimates of C$8.57 billion. Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. As a group, sell-side analysts anticipate that Bank of Montreal will post 11.3859489 earnings per share for the current year.

Bank of Montreal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors 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 annualized dividend and a yield of 4.66%. Bank of Montreal's payout ratio is 83.20%.

Insider Activity at Bank of Montreal

In related news, Director Darrel Hackett sold 3,297 shares of the firm's 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. In related news, Director Darrel Hackett sold 3,297 shares of the firm's 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 the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$130.46, for a total transaction of C$375,985.72. 0.03% of the stock is owned by insiders.

Bank of Montreal Company Profile

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.