Bank Of Montreal (NYSE:BMO) Given Average Rating of "Hold" by Analysts

Key Points

• Bank of Montreal's shares have a consensus rating of "Hold" from eight brokerages, with one analyst recommending a buy and the average target price set at $129.50.
• The company recently increased its quarterly dividend to $1.1801, yielding 4.12% annually, and the dividend payout ratio stands at 57.33%.
• In the latest quarter, Bank of Montreal reported an EPS of $1.84 and revenue of $6.32 billion, missing analyst estimates of $8.79 billion.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO has been given a consensus recommendation of "Hold" by the eight ratings firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $129.50.

BMO has been the topic of several research reports. Wall Street Zen downgraded shares of Bank Of Montreal from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Cibc World Mkts downgraded shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Scotiabank began coverage on shares of Bank Of Montreal in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. CIBC restated a "neutral" rating on shares of Bank Of Montreal in a report on Tuesday, May 20th. Finally, Barclays cut shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th.

Institutional Trading of Bank Of Montreal

Large investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Bank Of Montreal by 228.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank's stock valued at $26,000 after buying an additional 190 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Bank Of Montreal during the 1st quarter valued at $34,000. Dunhill Financial LLC bought a new stake in shares of Bank Of Montreal during the 4th quarter valued at $39,000. Truvestments Capital LLC bought a new stake in shares of Bank Of Montreal during the 1st quarter valued at $39,000. Finally, Harbor Asset Planning Inc. bought a new stake in shares of Bank Of Montreal during the 2nd quarter valued at $39,000. Institutional investors own 45.82% of the company's stock.

Bank Of Montreal Price Performance

Shares of BMO stock traded down $0.86 during trading hours on Monday, hitting $110.38. 167,561 shares of the company's stock were exchanged, compared to its average volume of 677,152. The company has a market capitalization of $79.29 billion, a PE ratio of 14.32, a PEG ratio of 1.24 and a beta of 1.07. Bank Of Montreal has a 12-month low of $76.98 and a 12-month high of $115.66. The business's 50 day simple moving average is $109.79 and its 200-day simple moving average is $101.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings results on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, hitting the consensus estimate of $1.84. The firm had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $8.79 billion. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The business's revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. On average, equities research analysts anticipate that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be issued a $1.1801 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.72 annualized dividend and a yield of 4.28%. This is a boost from Bank Of Montreal's previous quarterly dividend of $1.11. Bank Of Montreal's payout ratio is 57.33%.

Bank Of Montreal Company Profile

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.