Q3 EPS Estimates for BMO Raised by National Bank Financial

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Investment analysts at National Bank Financial increased their Q3 2025 earnings estimates for shares of Bank of Montreal in a research note issued to investors on Wednesday, May 28th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings per share of $2.16 for the quarter, up from their previous forecast of $2.12. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Scotiabank assumed coverage on shares of Bank of Montreal in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Royal Bank of Canada raised their price target on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Cibc World Mkts downgraded shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, CIBC reissued a "neutral" rating on shares of Bank of Montreal in a report on Tuesday, May 20th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $128.40.

Bank of Montreal Stock Performance

BMO traded up $0.50 on Monday, hitting $107.85. The company's stock had a trading volume of 352,700 shares, compared to its average volume of 834,225. The company's 50 day simple moving average is $97.18 and its 200-day simple moving average is $97.88. The firm has a market cap of $77.88 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $108.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, hitting the consensus estimate of $1.84. The company had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. Bank of Montreal's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $2.59 EPS.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $1.1801 per share. This represents a $4.72 annualized dividend and a dividend yield of 4.38%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.11. The ex-dividend date of this dividend is Wednesday, July 30th. Bank of Montreal's dividend payout ratio (DPR) is presently 58.75%.

Hedge Funds Weigh In On Bank of Montreal

A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Bank of Montreal by 65.7% in the 1st quarter. Acadian Asset Management LLC now owns 12,000 shares of the bank's stock worth $1,144,000 after acquiring an additional 4,758 shares during the last quarter. Intech Investment Management LLC raised its holdings in Bank of Montreal by 30.0% in the 1st quarter. Intech Investment Management LLC now owns 104,254 shares of the bank's stock worth $9,954,000 after acquiring an additional 24,044 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Bank of Montreal in the 1st quarter worth approximately $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Bank of Montreal by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,002,463 shares of the bank's stock worth $95,745,000 after acquiring an additional 66,838 shares during the last quarter. Finally, Ascent Group LLC purchased a new position in Bank of Montreal in the 1st quarter worth approximately $254,000. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

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.