Bank of Montreal (BMO.TO) (TSE:BMO) (NYSE:BMO) had its price objective hoisted by National Bank Financial from C$93.00 to C$102.00 in a research note released on Monday morning, AR Network reports. National Bank Financial currently has a sector perform rating on the bank’s stock. National Bank Financial also issued estimates for Bank of Montreal (BMO.TO)’s FY2021 earnings at $8.37 EPS and FY2022 earnings at $9.26 EPS.

A number of other research firms have also weighed in on BMO. Bank of America raised shares of Bank of Montreal (BMO.TO) from an underperform rating to a neutral rating in a report on Tuesday, October 6th. Credit Suisse Group increased their price objective on shares of Bank of Montreal (BMO.TO) from C$90.00 to C$94.00 in a research note on Wednesday, December 2nd. Scotiabank increased their price objective on shares of Bank of Montreal (BMO.TO) from C$104.00 to C$106.00 in a research note on Wednesday, December 2nd. Royal Bank of Canada increased their price objective on shares of Bank of Montreal (BMO.TO) from C$86.00 to C$110.00 and gave the company a sector perform rating in a research note on Wednesday, December 2nd. Finally, TD Securities increased their price objective on shares of Bank of Montreal (BMO.TO) from C$105.00 to C$110.00 and gave the company a buy rating in a research note on Wednesday, December 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Bank of Montreal (BMO.TO) currently has an average rating of Buy and an average target price of C$97.60.

BMO opened at C$99.29 on Monday. The company has a fifty day simple moving average of C$97.41 and a 200 day simple moving average of C$83.85. The firm has a market cap of C$64.20 billion and a price-to-earnings ratio of 13.15. Bank of Montreal has a twelve month low of C$0.10 and a twelve month high of C$104.75.

Bank of Montreal (BMO.TO) (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Tuesday, December 1st. The bank reported C$2.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.94 by C$0.47. The firm had revenue of C$5.99 billion for the quarter, compared to analyst estimates of C$5.82 billion. Analysts forecast that Bank of Montreal will post 9.5400002 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Stockholders of record on Monday, February 1st will be given a $1.06 dividend. The ex-dividend date of this dividend is Friday, January 29th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.27%. Bank of Montreal (BMO.TO)’s payout ratio is currently 56.16%.

In other news, Senior Officer Patrick Cronin sold 18,812 shares of the firm’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of C$97.29, for a total value of C$1,830,268.39.

About Bank of Montreal (BMO.TO)

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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Analyst Recommendations for Bank of Montreal (BMO.TO) (TSE:BMO)

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