Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target trimmed by Barclays from C$110.00 to C$105.00 in a research note published on Friday morning.
A number of other equities research analysts have also commented on BMO. Eight Capital upped their price objective on shares of Bank of Montreal from C$119.00 to C$124.00 in a research note on Wednesday, August 29th. CIBC upped their price objective on shares of Bank of Montreal from C$109.00 to C$111.00 in a research note on Wednesday, August 29th. Royal Bank of Canada upped their price objective on shares of Bank of Montreal from C$124.00 to C$126.00 and gave the company an outperform rating in a research note on Wednesday, August 29th. National Bank Financial upped their price objective on shares of Bank of Montreal from C$108.00 to C$115.00 and gave the company an outperform rating in a research note on Wednesday, August 29th. Finally, Canaccord Genuity raised shares of Bank of Montreal from a hold rating to a buy rating and upped their price objective for the company from C$111.00 to C$118.00 in a research note on Wednesday, August 29th. Six analysts have rated the stock with a buy rating, Bank of Montreal has an average rating of Buy and an average target price of C$114.33.
TSE:BMO opened at C$99.05 on Friday. Bank of Montreal has a 52 week low of C$93.60 and a 52 week high of C$109.00.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, August 28th. The bank reported C$2.36 EPS for the quarter, beating the Zacks’ consensus estimate of C$2.27 by C$0.09. The firm had revenue of C$5.82 billion during the quarter, compared to the consensus estimate of C$5.71 billion. Research analysts forecast that Bank of Montreal will post 9.63999954025667 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Thursday, November 1st will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, October 31st. Bank of Montreal’s dividend payout ratio is presently 50.28%.
In related news, Director Thomas Earl Flynn sold 39,784 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of C$106.82, for a total transaction of C$4,249,726.88. Also, insider Joanna Michelle Rotenberg sold 5,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of C$107.17, for a total transaction of C$535,850.00. Over the last three months, insiders have sold 102,140 shares of company stock worth $11,006,409.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.
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