Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Joanna Michelle Rotenberg sold 4,400 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of C$98.28, for a total value of C$432,432.00.
Shares of BMO stock traded down C$0.70 on Friday, reaching C$96.33. The company’s stock had a trading volume of 1,373,922 shares, compared to its average volume of 1,534,440. Bank of Montreal has a 12-month low of C$88.63 and a 12-month high of C$105.55.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Tuesday, February 27th. The bank reported C$2.12 EPS for the quarter, beating the Zacks’ consensus estimate of C$2.07 by C$0.05. The business had revenue of C$5.68 billion for the quarter, compared to analysts’ expectations of C$5.56 billion. Bank of Montreal had a return on equity of 9.46% and a net margin of 17.14%.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 28th. Investors of record on Tuesday, May 1st will be paid a $0.93 dividend. The ex-dividend date is Monday, April 30th. This represents a $3.72 dividend on an annualized basis and a yield of 3.86%.
Several equities research analysts have issued reports on BMO shares. Citigroup increased their target price on Bank of Montreal from C$112.00 to C$116.00 in a research report on Monday, December 18th. National Bank Financial increased their target price on Bank of Montreal from C$103.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Friday, January 12th. CSFB increased their price objective on Bank of Montreal from C$103.00 to C$107.00 in a research report on Friday, January 19th. Macquarie upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$105.00 to C$107.00 in a research report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price objective on Bank of Montreal from C$113.00 to C$115.00 in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$109.00.
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About Bank of Montreal
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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