National Bankshares Analysts Give Bank of Montreal (TSE:BMO) a C$173.00 Price Target

National Bankshares set a C$173.00 price objective on Bank of Montreal (TSE:BMO) (NYSE:BMO) in a research report released on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the bank’s stock.

A number of other brokerages have also recently weighed in on BMO. Desjardins lifted their price objective on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Canaccord Genuity Group boosted their price target on shares of Bank of Montreal from C$180.00 to C$185.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. TD Securities boosted their price target on shares of Bank of Montreal from C$164.00 to C$170.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Barclays boosted their price target on shares of Bank of Montreal from C$150.00 to C$157.00 in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$167.42.

Bank of Montreal Stock Down 1.3%

Shares of TSE BMO opened at C$178.45 on Monday. Bank of Montreal has a fifty-two week low of C$120.42 and a fifty-two week high of C$181.44. The firm’s 50-day simple moving average is C$163.67 and its 200 day simple moving average is C$148.83. The stock has a market cap of C$127.82 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.71 and a beta of 1.25.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th were paid a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.59. Bank of Montreal’s dividend payout ratio (DPR) is 55.74%.

Insider Transactions at Bank of Montreal

In related news, insider Alan Tannenbaum sold 9,824 shares of Bank of Montreal stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$175.12, for a total value of C$1,720,408.35. Also, insider Steven Lloyd Tennyson sold 9,072 shares of Bank of Montreal stock in a transaction dated Friday, August 29th. The stock was sold at an average price of C$163.89, for a total value of C$1,486,782.86. Following the completion of the transaction, the insider directly owned 21,866 shares in the company, valued at C$3,583,553.14. This represents a 29.32% decrease in their position. Insiders sold a total of 35,883 shares of company stock worth $5,989,740 in the last three months. 0.03% of the stock is currently owned by company insiders.

About Bank of Montreal

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.