Bank of Montreal (TSE:BMO) Reaches New 12-Month High at $25.48

Bank of Montreal (TSE:BMO) (NYSE:BMO) reached a new 52-week high during trading on Thursday . The stock traded as high as C$25.48 and last traded at C$122.92, with a volume of 2961141 shares traded. The stock had previously closed at C$123.34.

Analyst Ratings Changes

A number of research analysts recently issued reports on BMO shares. CIBC cut their price objective 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. Desjardins dropped their target price on shares of Bank of Montreal from C$135.00 to C$133.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. National Bankshares decreased their price target on Bank of Montreal from C$141.00 to C$137.00 in a report on Wednesday, February 28th. Canaccord Genuity Group dropped 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. Finally, TD Securities decreased their target price on Bank of Montreal from C$140.00 to C$135.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$132.39.

Bank of Montreal Trading Down 0.3 %

The business has a 50-day moving average price of C$127.69 and a 200 day moving average price of C$122.49. The stock has a market capitalization of C$89.17 billion, a P/E ratio of 16.97, a P/E/G ratio of 0.54 and a beta of 1.18.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released 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 by C($0.47). Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. The business had revenue of C$7.67 billion for the quarter, compared to the consensus estimate of C$8.57 billion. On average, sell-side analysts predict that Bank of Montreal will post 11.3809947 earnings per share for the current fiscal year.

Bank of Montreal Dividend Announcement

The business 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 of this dividend is Friday, April 26th. This represents a $6.04 annualized dividend and a yield of 4.91%. Bank of Montreal’s dividend payout ratio is currently 83.08%.

Insider Buying and Selling at Bank of Montreal

In other 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 value of C$375,985.72. In other news, Senior Officer Nadim Hirji sold 2,882 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were 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 transaction of C$302,532.72. Company insiders own 0.03% of the company’s stock.

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.