Bank of Montreal (TSE:BMO) Director William Darryl White Sells 27,167 Shares

Bank of Montreal (TSE:BMO) (NYSE:BMO) Director William Darryl White sold 27,167 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the sale, the director owned 87,166 shares of the company’s stock, valued at approximately C$19,676,852.84. The trade was a 23.76% decrease in their ownership of the stock.

Bank of Montreal Stock Up 1.6%

BMO stock opened at C$228.86 on Wednesday. The company has a market cap of C$161.33 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.71 and a beta of 1.25. The business has a fifty day simple moving average of C$204.52 and a 200-day simple moving average of C$192.08. Bank of Montreal has a 52 week low of C$143.35 and a 52 week high of C$229.43.

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

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, April 29th. Bank of Montreal’s dividend payout ratio is currently 50.69%.

Wall Street Analyst Weigh In

BMO has been the subject of several recent research reports. Barclays increased their price target on Bank of Montreal from C$199.00 to C$203.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. National Bank Financial increased their price target on Bank of Montreal from C$223.00 to C$236.00 and gave the company a “sector perform” rating in a report on Thursday, May 28th. Scotiabank increased their price target on Bank of Montreal from C$209.00 to C$234.00 and gave the company a “sector outperform” rating in a report on Monday. TD increased their price target on Bank of Montreal from C$234.00 to C$239.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, TD Securities increased their price target on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$223.13.

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.