Bank of Montreal (TSE:BMO) Reaches New 12-Month High at $25.18

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. National Bankshares decreased their target price on Bank of Montreal from C$141.00 to C$137.00 in a research report on Wednesday, February 28th. Desjardins dropped their price target on Bank of Montreal from C$135.00 to C$133.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. TD Securities lowered 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. Scotiabank lowered their target price on Bank of Montreal from C$145.00 to C$141.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada lowered their target price on Bank of Montreal from C$134.00 to C$130.00 and set an “outperform” 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$132.39.

Bank of Montreal Price Performance

The stock has a market cap of C$92.94 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.54 and a beta of 1.18. The firm has a fifty day moving average of C$127.87 and a 200 day moving average of C$121.88.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data 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 business had revenue of C$7.67 billion during the quarter, compared to analysts’ expectations of C$8.57 billion. Bank of Montreal had a return on equity of 7.28% and a net margin of 17.71%. Research analysts anticipate that Bank of Montreal will post 11.3809947 earnings per share for the current fiscal year.

Bank of Montreal Announces Dividend

The company also recently declared 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 of this dividend is Friday, April 26th. This represents a $6.04 annualized dividend and a dividend yield of 4.71%. Bank of Montreal’s dividend payout ratio is currently 83.08%.

Insider Transactions at Bank of Montreal

In related news, Senior Officer Nadim Hirji sold 2,882 shares of Bank of Montreal stock in a transaction 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, Director Darrel Hackett sold 3,297 shares of Bank of Montreal stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$91.76, for a total transaction 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 stock was sold at an average price of C$130.46, for a total value of C$375,985.72. Company insiders own 0.03% of the company’s stock.

Bank of Montreal Company Profile

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.