Bank of Montreal (BMO.TO) (TSE:BMO) (NYSE:BMO) declared a quarterly dividend on Tuesday, February 23rd, RTT News reports. Stockholders of record on Monday, May 3rd will be paid a dividend of 1.06 per share by the bank on Wednesday, May 26th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.06%.
Shares of BMO stock traded up C$2.65 during trading on Tuesday, reaching C$104.49. The company had a trading volume of 1,123,911 shares, compared to its average volume of 2,867,917. The firm’s 50 day simple moving average is C$98.39 and its two-hundred day simple moving average is C$88.83. Bank of Montreal has a one year low of C$55.76 and a one year high of C$104.77. The company has a market capitalization of C$67.56 billion and a PE ratio of 13.49.
Bank of Montreal (BMO.TO) (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Tuesday, December 1st. The bank reported C$2.41 EPS for the quarter, beating the consensus estimate of C$1.94 by C$0.47. The company had revenue of C$5.99 billion for the quarter, compared to analyst estimates of C$5.82 billion. As a group, sell-side analysts anticipate that Bank of Montreal will post 9.6699994 earnings per share for the current year.
Several research analysts recently commented on BMO shares. Royal Bank of Canada lifted their target price on shares of Bank of Montreal (BMO.TO) from C$86.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 2nd. CIBC lifted their price objective on Bank of Montreal (BMO.TO) from C$108.00 to C$116.00 in a research note on Wednesday, December 2nd. CSFB increased their target price on Bank of Montreal (BMO.TO) from C$90.00 to C$94.00 in a research note on Wednesday, December 2nd. Fundamental Research raised Bank of Montreal (BMO.TO) from a “buy” rating to a “top pick” rating and lifted their price target for the stock from C$94.07 to C$108.66 in a research report on Tuesday, December 8th. Finally, Scotiabank cut their price target on Bank of Montreal (BMO.TO) from C$106.00 to C$104.00 in a report on Wednesday, January 13th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$97.85.
In other news, Senior Officer Patrick Cronin sold 18,812 shares of Bank of Montreal (BMO.TO) stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of C$97.29, for a total transaction of C$1,830,268.39.
About Bank of Montreal (BMO.TO)
Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, 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, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.
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