Frank J. Techar Sells 9,747 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Frank J. Techar sold 9,747 shares of Bank of Montreal stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of C$78.11, for a total transaction of C$761,338.17.

Shares of Bank of Montreal stock traded up C$0.67 during midday trading on Friday, reaching C$95.68. 163,601 shares of the company’s stock traded hands, compared to its average volume of 1,455,139. Bank of Montreal has a 52 week low of C$88.63 and a 52 week high of C$105.55.

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Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Tuesday, February 27th. The bank reported C$2.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.07 by C$0.05. The business had revenue of C$5.68 billion for the quarter, compared to the consensus estimate of C$5.56 billion. Bank of Montreal had a net margin of 17.14% and a return on equity of 9.46%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, April 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.89%.

Several research analysts have issued reports on the stock. Eight Capital lifted their price target on shares of Bank of Montreal from C$106.00 to C$109.00 in a research report on Thursday, March 1st. Barclays decreased their price objective on shares of Bank of Montreal from C$102.00 to C$101.00 in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price objective on shares of Bank of Montreal from C$115.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. TD Securities decreased their target price on shares of Bank of Montreal from C$115.00 to C$110.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Macquarie raised shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$105.00 to C$107.00 in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$109.00.

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About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, 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, and specialized banking programs for small business and commercial banking customers.

Insider Buying and Selling by Quarter for Bank of Montreal (TSE:BMO)

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