National Bankshares Cuts Bank of Montreal (TSE:BMO) Price Target to C$144.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective trimmed by National Bankshares from C$161.00 to C$144.00 in a research report sent to investors on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the bank’s stock.

Other research analysts have also recently issued research reports about the stock. Cibc World Mkts cut shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Friday. UBS Group boosted their price objective on Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. Jefferies Financial Group raised their target price on Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. CIBC downgraded shares of Bank of Montreal from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$152.00 to C$141.00 in a research report on Friday. Finally, Desjardins increased their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$146.85.

Bank of Montreal Stock Down 1.1 %

Shares of BMO stock opened at C$125.63 on Monday. The company has a market capitalization of C$90.99 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The firm has a 50-day moving average price of C$141.17 and a 200 day moving average price of C$135.90.

Bank of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 27th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 5.06%. Bank of Montreal’s dividend payout ratio (DPR) is presently 61.20%.

Insider Buying and Selling at Bank of Montreal

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total transaction of C$482,024.87. Insiders own 0.03% of the company’s stock.

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.