Bank of Montreal (TSE:BMO) Receives C$132.39 Average PT from Brokerages

Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$132.39.

Several analysts have recently weighed in on BMO shares. Bank of America raised Bank of Montreal from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from C$120.00 to C$145.00 in a report on Monday, December 18th. Canaccord Genuity Group decreased their price objective on Bank of Montreal from C$137.00 to C$136.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. 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 on the stock in a report on Wednesday, February 28th. Jefferies Financial Group decreased 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. Finally, TD Securities decreased their price objective 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.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director Darrel Hackett sold 3,297 shares of Bank of Montreal 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. In related news, Senior Officer Nadim Hirji sold 2,882 shares of the company's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$130.46, for a total value of C$375,985.72. Also, Director Darrel Hackett sold 3,297 shares of the company'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. Corporate insiders own 0.03% of the company's stock.

Bank of Montreal Trading Down 2.1 %

BMO traded down C$2.81 during midday trading on Wednesday, reaching C$130.72. The company's stock had a trading volume of 2,804,078 shares, compared to its average volume of 2,657,259. The stock has a market cap of C$94.83 billion, a P/E ratio of 17.98, a PEG ratio of 0.54 and a beta of 1.18. The company has a fifty day simple moving average of C$127.52 and a 200 day simple moving average of C$121.02. Bank of Montreal has a twelve month low of C$102.67 and a twelve month high of C$133.95.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last released its earnings results 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). The business 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%. Sell-side analysts expect 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. Shareholders 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 4.62%. Bank of Montreal's payout ratio is 83.08%.

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.