Bank of Montreal (TSE:BMO) Senior Officer David Robert Casper Sells 12,819 Shares

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total value of C$1,562,007.97.

Bank of Montreal Trading Up 1.3 %

TSE BMO opened at C$122.26 on Friday. The business has a fifty day simple moving average of C$116.30 and a 200 day simple moving average of C$121.33. Bank of Montreal has a 12 month low of C$102.67 and a 12 month high of C$133.95. The firm has a market capitalization of C$89.18 billion, a P/E ratio of 14.07, a PEG ratio of 0.54 and a beta of 1.15.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Tuesday, August 27th. The bank reported C$2.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.72 by C($0.08). Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. The firm had revenue of C$8.19 billion for the quarter, compared to the consensus estimate of C$8.23 billion. As a group, sell-side analysts predict that Bank of Montreal will post 11.1628545 EPS for the current fiscal year.

Bank of Montreal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, October 30th will be paid a $1.55 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.07%. Bank of Montreal’s payout ratio is presently 71.35%.

Analyst Upgrades and Downgrades

BMO has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Royal Bank of Canada decreased their price target on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 28th. Jefferies Financial Group cut their price objective on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Cormark decreased their target price on Bank of Montreal from C$129.00 to C$118.00 in a research report on Wednesday, August 28th. Finally, UBS Group set a C$122.00 price target on Bank of Montreal and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Eight 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, Bank of Montreal presently has a consensus rating of “Hold” and an average target price of C$120.77.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.