Bank of Montreal (TSE:BMO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$224.54.

BMO has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Bank of Montreal from C$205.00 to C$230.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Jefferies Financial Group upped their price objective on Bank of Montreal from C$195.00 to C$196.00 in a research note on Wednesday, May 20th. Desjardins upped their price objective on Bank of Montreal from C$212.00 to C$230.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Canaccord Genuity Group upped their price objective on Bank of Montreal from C$240.00 to C$242.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Raymond James Financial upped their price objective on Bank of Montreal from C$227.00 to C$233.50 and gave the stock an “outperform” rating in a research note on Thursday, May 28th.

Bank of Montreal Trading Up 0.7%

Shares of BMO opened at C$241.52 on Friday. The firm has a market cap of C$170.25 billion, a PE ratio of 18.55, a P/E/G ratio of 0.71 and a beta of 1.26. Bank of Montreal has a 1-year low of C$143.35 and a 1-year high of C$244.97. The firm has a fifty day simple moving average of C$216.20 and a two-hundred day simple moving average of C$197.50.

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

Bank of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 26th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, April 29th. Bank of Montreal’s dividend payout ratio is 50.69%.

Insider Buying and Selling at Bank of Montreal

In other news, Director William Darryl White sold 27,167 shares of the company’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 completion of the sale, the director directly owned 87,166 shares in the company, valued at C$19,676,852.84. This represents a 23.76% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the company’s stock in a transaction on Monday, June 1st. The stock was 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 valued at $8,011,751 over the last 90 days. 0.03% of the stock is currently owned by company 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.