Bank of Montreal (TSE:BMO) Given a C$144.00 Price Target at National Bankshares

National Bankshares set a C$144.00 price objective on Bank of Montreal (TSE:BMO) (NYSE:BMO) in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the bank’s stock.

Several other research analysts also recently commented on the stock. TD Securities increased their price objective on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a report on Tuesday, March 4th. Cibc World Mkts downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. UBS Group dropped their price objective on shares of Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Scotiabank raised shares of Bank of Montreal to a “hold” rating in a report on Thursday, May 15th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$144.38.

Bank of Montreal Stock Performance

Shares of BMO stock opened at C$143.73 on Thursday. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08. The firm has a market capitalization of C$104.10 billion, a PE ratio of 14.19, a PEG ratio of 0.71 and a beta of 1.16. The stock has a fifty day simple moving average of C$135.00 and a two-hundred day simple moving average of C$137.95.

Bank of Montreal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 27th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal’s payout ratio is 61.20%.

Insider Activity at Bank of Montreal

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. 0.03% of the stock is owned by insiders.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.