Bank of Montreal (TSE:BMO) Reaches New 1-Year High at $25.18

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) hit a new 52-week high during trading on Tuesday . The company traded as high as C$25.18 and last traded at C$128.11, with a volume of 2115320 shares. The stock had previously closed at C$127.36.

Analyst Ratings Changes

Several analysts have recently weighed in on BMO shares. Scotiabank lowered their target price on Bank of Montreal from C$145.00 to C$141.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Jefferies Financial Group cut their target price on Bank of Montreal from C$144.00 to C$136.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada decreased their price target on shares of Bank of Montreal from C$134.00 to C$130.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Desjardins cut their price target on shares of Bank of Montreal from C$135.00 to C$133.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Finally, Canaccord Genuity Group decreased their price objective on shares of 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. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Bank of Montreal currently has an average rating of “Moderate Buy” and an average target price of C$132.39.

Bank of Montreal Trading Down 0.4 %

The firm has a market capitalization of C$91.91 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.54 and a beta of 1.18. The business has a 50-day moving average price of C$127.99 and a two-hundred day moving average price of C$122.07.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its earnings results on Tuesday, February 27th. The bank reported C$2.56 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 7.28% and a net margin of 17.71%. On average, equities research analysts predict that Bank of Montreal will post 11.3809947 earnings per share for the current fiscal 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 dividend of $1.51 per share. The ex-dividend date is Friday, April 26th. This represents a $6.04 annualized dividend and a dividend yield of 4.77%. Bank of Montreal’s dividend payout ratio is presently 83.08%.

Insider Buying and Selling

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 transaction of C$302,532.72. In related news, Director Darrel Hackett sold 3,297 shares of the 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 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 transaction of C$375,985.72. Corporate 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.