Bank of Montreal (TSE:BMO) Receives Average Rating of “Hold” from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have received an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$224.54.

BMO has been the subject of several research analyst reports. Canaccord Genuity Group raised their price target on Bank of Montreal from C$240.00 to C$242.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. National Bank Financial boosted their price objective on Bank of Montreal from C$223.00 to C$236.00 and gave the company a “sector perform” rating in a report on Thursday, May 28th. Desjardins boosted their price objective on Bank of Montreal from C$212.00 to C$230.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Scotiabank boosted their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. Finally, TD boosted their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the company a “buy” rating in a report on Thursday, May 28th.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$246.16 on Friday. The company’s 50 day simple moving average is C$219.04 and its 200-day simple moving average is C$198.96. The company has a market capitalization of C$173.52 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.71 and a beta of 1.26. Bank of Montreal has a 1 year low of C$145.30 and a 1 year high of C$247.36.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 earnings per share for the quarter. Bank of Montreal had a net margin of 12.63% and a return on equity of 11.25%. The firm had revenue of C$9.57 billion during the quarter. Equities analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Bank of Montreal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, April 29th. Bank of Montreal’s payout ratio is currently 50.69%.

Insider Buying and Selling at Bank of Montreal

In related news, Director William Darryl White sold 27,167 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the sale, the director owned 87,166 shares in the company, valued at approximately C$19,676,852.84. The trade was a 23.76% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of C$225.85, for a total value of C$1,020,616.15. Insiders sold a total of 35,487 shares of company stock worth $8,011,751 in the last quarter. Company insiders own 0.03% of the company’s stock.

Bank of Montreal Company Profile

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.