Bank of Montreal (TSE:BMO) Given New C$161.00 Price Target at National Bankshares

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by National Bankshares from C$153.00 to C$161.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the bank’s stock.

BMO has been the subject of several other research reports. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$133.00 to C$161.00 in a report on Wednesday, January 8th. Scotiabank decreased their target price on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group increased their price objective on shares of Bank of Montreal from C$126.00 to C$140.00 in a research report on Tuesday, February 18th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Finally, Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Price Performance

Shares of BMO stock opened at C$149.19 on Wednesday. The company has a market cap of C$108.06 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.71 and a beta of 1.16. The firm has a fifty day moving average price of C$142.00 and a 200-day moving average price of C$130.90. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08.

Bank of Montreal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 4.26%. Bank of Montreal’s dividend payout ratio is currently 61.20%.

Insiders Place Their Bets

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. Corporate insiders own 0.03% of the company’s stock.

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.