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 target upped by National Bankshares from C$153.00 to C$161.00 in a research report report published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the bank’s stock.

Other analysts have also recently issued reports about the company. Jefferies Financial Group raised their target price on Bank of Montreal from C$126.00 to C$140.00 in a research note on Tuesday, February 18th. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. CIBC lifted their price objective on Bank of Montreal from C$150.00 to C$154.00 in a research report on Tuesday, February 18th. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. Finally, TD Securities lifted their price objective on Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a research report on Wednesday. Six 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Price Performance

TSE BMO opened at C$149.19 on Wednesday. The stock has a market capitalization of C$108.06 billion, a PE ratio of 14.73, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The business’s 50-day moving average is C$142.00 and its 200 day moving average is C$130.90.

Bank of Montreal Announces Dividend

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

Insider Activity

In other news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. Company 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.