Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO has received a consensus rating of "Hold" from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $163.00.
A number of equities research analysts recently issued reports on BMO shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Weiss Ratings cut shares of Bank Of Montreal from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Barclays reiterated an "underweight" rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Desjardins reissued a "hold" rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Zacks Research lowered shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th.
Check Out Our Latest Research Report on BMO
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BMO. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Bank Of Montreal during the 4th quarter worth $29,000. Larson Financial Group LLC raised its holdings in Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank's stock worth $31,000 after purchasing an additional 196 shares in the last quarter. WFA of San Diego LLC bought a new position in Bank Of Montreal in the second quarter worth about $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Bank Of Montreal during the fourth quarter valued at about $34,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Bank Of Montreal during the first quarter valued at about $38,000. 45.82% of the stock is currently owned by hedge funds and other institutional investors.
Bank Of Montreal Stock Down 0.1%
BMO opened at $180.72 on Friday. The stock has a market cap of $126.28 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The firm's fifty day moving average is $174.11 and its 200 day moving average is $155.07. Bank Of Montreal has a fifty-two week low of $112.21 and a fifty-two week high of $184.21.
Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.14. The company had revenue of $7.04 billion for the quarter, compared to analysts' expectations of $6.98 billion. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The firm's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.62 EPS. On average, sell-side analysts forecast that Bank Of Montreal will post 11.82 earnings per share for the current fiscal year.
Bank Of Montreal Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Thursday, July 30th. Bank Of Montreal's payout ratio is presently 51.06%.
About Bank Of Montreal
(
Get Free Report)
Bank of Montreal NYSE: BMO, commonly known as BMO Financial Group, is one of Canada's largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.
BMO's core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.
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