Bank of Montreal (BMO) Scheduled to Post Earnings on Thursday

Bank of Montreal (TSE:BMO) (NYSE:BMO) is scheduled to be announcing its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of C$2.69 per share for the quarter.

Bank of Montreal Price Performance

The company has a 50-day simple moving average of C$127.75 and a 200 day simple moving average of C$121.42. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$134.16. The firm has a market cap of C$97.81 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 26th were issued a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of ∞. The ex-dividend date was Wednesday, October 30th. Bank of Montreal’s dividend payout ratio (DPR) is presently 71.35%.

Insider Activity

In other news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total transaction of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total value of C$1,562,007.97. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BMO shares. Desjardins cut their price objective on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Bank of America lowered Bank of Montreal from a “buy” rating to a “neutral” rating and cut their price target for the company from C$134.00 to C$117.00 in a report on Wednesday, August 28th. CIBC lifted their target price on Bank of Montreal from C$120.00 to C$134.00 in a research report on Tuesday, November 26th. National Bankshares upped their price target on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$125.00 to C$143.00 in a research note on Tuesday, November 19th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$128.50.

About Bank of Montreal

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.