Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, National Bankshares Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by National Bankshares from C$160.00 to C$161.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the bank’s stock.

Several other research analysts have also issued reports on BMO. Barclays increased their price target on shares of Bank of Montreal from C$144.00 to C$150.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada dropped their price objective on shares of Bank of Montreal from C$163.00 to C$161.00 and set an “outperform” rating for the company in a report on Monday, June 9th. Desjardins raised their price objective on shares of Bank of Montreal from C$152.00 to C$156.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. CIBC raised their price objective on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Finally, UBS Group dropped their price objective on shares of Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$150.23.

Bank of Montreal Stock Down 0.6%

TSE:BMO opened at C$156.70 on Friday. Bank of Montreal has a 12-month low of C$109.22 and a 12-month high of C$158.00. The firm has a market capitalization of C$113.50 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The firm has a 50-day moving average price of C$152.43 and a 200 day moving average price of C$143.73.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.2%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.59. The ex-dividend date of this dividend is Wednesday, July 30th. Bank of Montreal’s payout ratio is currently 61.20%.

Insider Activity at Bank of Montreal

In other news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of C$147.57, for a total transaction of C$690,023.29. 0.03% of the stock is owned by company insiders.

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.