William Darryl White Sells 27,167 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) 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 transaction, the director directly owned 87,166 shares of the company’s stock, valued at C$19,676,852.84. The trade was a 23.76% decrease in their ownership of the stock.

Bank of Montreal Stock Performance

TSE:BMO opened at C$225.53 on Thursday. The stock has a 50-day simple moving average of C$206.17 and a 200-day simple moving average of C$192.80. The stock has a market cap of C$158.98 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.71 and a beta of 1.25. Bank of Montreal has a 1 year low of C$143.35 and a 1 year high of C$229.43.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, April 29th. Bank of Montreal’s dividend payout ratio is currently 50.69%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 report on Thursday, May 28th. National Bank Financial upped their price objective on Bank of Montreal from C$223.00 to C$236.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce upped their price objective on Bank of Montreal from C$226.00 to C$244.00 and gave the stock an “outperformer” rating in a research report on Thursday, May 28th. Barclays upped their price objective on Bank of Montreal from C$199.00 to C$203.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, 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 report on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bank of Montreal has an average rating of “Hold” and a consensus price target of C$223.13.

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.