Bank of Montreal (BMO) to Release Earnings on Thursday

Bank of Montreal (TSE:BMO) (NYSE:BMO) will release its earnings data before the market opens on Thursday, December 5th. Analysts expect Bank of Montreal to post earnings of C$2.69 per share for the quarter.

Bank of Montreal Stock Performance

Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$134.16. The business’s 50 day simple moving average is C$127.75 and its two-hundred day simple moving average is C$121.42. The firm has a market cap of C$97.81 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Bank of Montreal Announces Dividend

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

Wall Street Analyst Weigh In

BMO has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their target price on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 28th. Desjardins dropped their price target on 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. CIBC raised their price objective on shares of Bank of Montreal from C$120.00 to C$134.00 in a research note on Tuesday, November 26th. Jefferies Financial Group reduced their price target on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, National Bankshares upped their price objective on shares of Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of “Hold” and an average price target of C$128.50.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total value of C$1,562,007.97. Also, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total value of C$886,977.10. 0.03% of the stock is owned by insiders.

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.