Keefe, Bruyette & Woods Analysts Give Bank of Montreal (TSE:BMO) a C$295.00 Price Target

Keefe, Bruyette & Woods set a C$295.00 target price on Bank of Montreal (TSE:BMO) (NYSE:BMO) in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the bank’s stock.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group lifted their target price on Bank of Montreal from C$242.00 to C$265.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada raised their price target on Bank of Montreal from C$205.00 to C$230.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce lowered shares of Bank of Montreal from an “outperformer” rating to a “hold” rating and lifted their price objective for the stock from C$244.00 to C$272.00 in a research note on Wednesday, August 19th. TD boosted their price objective on shares of Bank of Montreal from C$239.00 to C$263.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Desjardins increased their target price on shares of Bank of Montreal from C$230.00 to C$260.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and an average target price of C$249.00.

Bank of Montreal Trading Up 0.6%

Shares of TSE BMO opened at C$240.25 on Friday. Bank of Montreal has a 12-month low of C$156.65 and a 12-month high of C$259.20. The firm’s 50-day moving average price is C$249.80 and its 200-day moving average price is C$219.71. The stock has a market capitalization of C$168.28 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 0.71 and a beta of 1.22.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The company had revenue of C$9.57 billion during the quarter. On average, equities analysts predict that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 26th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Thursday, July 30th. Bank of Montreal’s dividend payout ratio is 50.69%.

Insider Transactions at Bank of Montreal

In other news, insider Sharon Marie Haward-Laird sold 4,519 shares of Bank of Montreal stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$225.85, for a total transaction of C$1,020,616.15. Also, Director William Darryl White sold 27,167 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the completion of the sale, the director owned 87,166 shares of the company’s stock, valued at C$19,676,852.84. The trade was a 23.76% decrease in their position. Over the last three months, insiders have sold 45,004 shares of company stock valued at $10,339,904. 0.03% of the stock is currently owned by company insiders.

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.